RNS Number:7635J
Hawtin PLC
12 December 2007
Receipt of Deferred consideration from Sale of Investment Land
Hawtin, the Cardiff based property investment company, is pleased to announce
that it has now received the deferred consideration of £3.65 million following
the sale of development land at Hawtin Park, near Blackwood in 28 April 2006.
The total consideration amounted to £5.15 million, with £1.5 million paid on
completion, while the remainder was deferred, and interest bearing. This brings
the total consideration from the sale to £5.15 million plus £355,000 interest.
The disposal will leave the group with excellent cash reserves and undrawn bank
facilities to take advantages of opportunities to acquire income generating
investments in 2008.
Enquiries
Stephen Morgan 01633 682130
John Depasquale/Matt Thomas 020 7107 8000
This information is provided by RNS
The company news service from the London Stock Exchange
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