Disposal of investment proper

RNS Number : 5504B

Managed Support Services PLC

18 August 2008

 



Managed Support Services plc 

(the 'Company')

Disposal of Investment Property

The Board is pleased to announce that it has successfully disposed of an investment property in Swinton, Manchester which generated a rental income of £96,000 per annum. The net cash proceeds of the sale are £1.3 million which the Company will add to the Group's existing cash resources. The sale will generate an exceptional profit of £290,000 in the period to 30 September 2008.

Managed Support Services plc Simon Beart	01483 735702
Cenkos Securities plc Nicholas Wells	020 7397 8924

 

END

 

 

MSCUWVORWBRWAAR