Trading Statement

Wynnstay Properties PLC 02 April 2008 Wynnstay Properties PLC ('the Company') Trading Update Wynnstay Properties is pleased to announce that the Company anticipates a satisfactory outcome for the financial year ended 25 March 2008. During the year the Company has surrendered its lease on offices in the City and has substantially reduced its overheads. The Company's independent valuers, Sanderson Weatherall, have revalued the Company's investment properties at 25 March 2008 in the total sum of £21,380,000, representing a like-for-like reduction of £135,000 or under 1 percent over the corresponding value one year earlier. Taking account of the above factors, there is little change in the underlying net asset value of the Company's shares as at 25 March 2008, other than that brought about through the adoption of the I.F.R.S. (International Financial Reporting Standards) which reflects in the balance sheet the possible capital gains tax liability that may arise on the property valuations reported. The Company's final results will be announced on or about 18 June 2008 and the Annual Report and Financial Statements will be posted to Shareholders shortly thereafter. Enquiries: Wynnstay Properties plc Toby Parker, Finance Director - 020 7745 7160 Nominated Adviser & Broker Charles Stanley Securities Rick Thompson / Carl Holmes: - 020 7149 6000 This information is provided by RNS The company news service from the London Stock Exchange
UK 100

Latest directors dealings