Disposal

RNS Number : 6712G
M. P. Evans Group PLC
23 November 2015
 



M.P. EVANS GROUP PLC

("The Group")

 

SALE OF WOODLANDS

 

 

The board refers to the announcements made on 15 September 2015, 5 November 2015 and 18 November 2015, regarding the conditional sale of Woodlands, the Group's Australian cattle-fattening property, to the Chinese Fucheng Group for the sum of A$28 million (approximately US$20 million), of which a 10 per cent deposit has been paid.  At the request of the purchaser, settlement was postponed from 18 to 23 November 2015.  Because settlement funds have not yet been transferred from China to Australia, settlement did not take place today and the purchaser has requested a further postponement.  An updated announcement will be made once settlement has taken place.

 

 

23 November 2015

 

Enquiries:

 

M.P. Evans Group PLC

Telephone: 01892 516333

Peter Hadsley-Chaplin


Philip Fletcher


Tristan Price




Peel Hunt LLP

Telephone: 020 7418 8900

Dan Webster


Richard Brown




Hudson Sandler

Telephone: 020 7796 4133

Charlie Jack


Katie Matthews


Bertie Berger


 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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