Property purchase

RNS Number : 0061M

Hermes Pacific Investments PLC

19 May 2022

 

19 May 2022

HERMES PACIFIC INVESTMENTS PLC

(the "Company")

Property purchase

Hermes Pacific Investments plc (AIM: HPAC) is pleased to announce in line with its revised investment strategy approved by shareholders on 14 December 2021, it has made its first property investment.

The Company has purchased a two bedroom leasehold flat and a single garage in Westcliff-on-sea, Southend-on-sea from Mr J. C. Piccolo. The purchase price of £594,907 has been funded from the Company's existing cash resources.

The Company expects to be renting out the property shortly.

This announcement contains inside information for the purposes of Article 7 of the UK version of Regulation (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended ("MAR"). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.

For more information please contact:

Hermes Pacific Investments plc	www.hermespacificinvestments.com
Haresh Kanabar, Non-Executive Chairman	Tel:  +44 (0)  7802 858893
WH Ireland Limited (  Nominated Adviser & Broker)	https://www.whirelandplc.com/capital-markets
Mike Coe/Sarah Mather	Tel: [phone]

 

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