24 October 2017
Energiser Investments
plc
('Energiser' or the
'Company')
Sale of the
Wellingborough residential portfolio
Highlights
- Binding agreement signed for the disposal of the
Wellingborough residential portfolio
- Sale price in line with expectations at £2,800,000
- Completion and payment expected in November 2017
Energiser Investments plc has signed a binding contract to sell
the 20 residential units in the Wellingborough portfolio.
The sale is expected to complete and funds paid to Energiser in
November 2017. The sale price at £2,800,000 is in line with
expectations. Net of associated bank debt this will return
approximately £1,500,000 of cash to Energiser. The funds
received from the sale will be used to strengthen Energiser’s
balance sheet in preparation for the next investment.
Dominic White, Chief Executive
commented, “this signals the successful conclusion to our period of
ownership of the Wellingborough residential portfolio. The
transaction further adds to the capital available for investment
into new opportunities; we look forward to updating shareholders on
progress in our self-storage strategy in due course.”
For further information, please visit
http://www.energiserinvestments.co.uk/ or contact:
Energiser Investments
plc
+44 1494 762 450
Dominic White, Chief Executive
Nishith Malde, Director
Cairn Financial Advisers
LLP
+44 20 7213 0880
Jo Turner / Sandy Jamieson