Disposal

RNS Number : 6943D

Alumasc Group PLC

28 March 2011

 



IMMEDIATE RELEASE

Monday, 28 March 2011

The Alumasc Group plc announces the sale of surplus land for £1.2 million

The Alumasc Group plc (ALU.L), the premium building and engineering products group, is pleased to announce the sale of surplus land near its head office in Kettering for residential development.

The net sale proceeds arising from this transaction were £1.2 million, giving rise to a profit on sale of £0.7m

Alumasc has agreed with its Pension Trustees to contribute £0.6m of the sale proceeds to the Company's pension schemes, both of which are now closed to future accrual. 

END

Enquiries:

The Alumasc Group plc

Paul Hooper (Group Chief Executive)                                       Tel:  [phone]

Andrew Magson (Group Finance Director)                               Tel:  [phone]

Bankside Consultants

Simon Bloomfield                                                                     Tel: [phone]

 

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