Property Disposal

Caffyns PLC 04 January 2007 CAFFYNS PLC 4 January 2007 PROPERTY DISPOSAL Caffyns PLC ('the Company') announces that the contract for the sale of its vacant freehold site at East Street, Hythe, Kent to Churchill Retirement Living Limited has now become unconditional and the consideration of £1.47 million has been received. The book value of the property is £786,000 and the surplus on the sale, net of disposal costs, is £639,000. The proceeds will be applied in reducing the Company's borrowings. Enquiries: Simon Caffyn Chief Executive Mark Harrison Finance Director Telephone: 01323 730201 This information is provided by RNS The company news service from the London Stock Exchange

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Caffyns (CFYN)
UK 100

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