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Newmark Security PLC (NWT)

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Friday 11 August, 2017

Newmark Security PLC

Sale and leaseback of business premises in Poole

RNS Number : 8108N
Newmark Security PLC
11 August 2017
 

 

 

11 August 2017

  

Newmark Security PLC

 

("Newmark", the "Company" or the "Group")

 

Sale and leaseback of business premises in Poole

 

Newmark Security plc (AIM: NWT), a leading provider of electronic and physical security systems, announces that further to its announcement of 10 May 2017 regarding the acquisition of new business premises in Poole, Dorset, for the Company's electronic division Grosvenor Technology, it has exchanged contracts for a sale and leaseback arrangement for the same property.  

 

The property was sold for £1.525 million and will result in the Company realising £360,000 after costs involved in the acquisition, refurbishment and subsequent disposal and repayment of the bank loan used to purchase the property. The lease arrangement is for a period of 15 years with stipulated increases to the annual rental rate at the five and ten year anniversaries of the commencement of the lease contract. The sale and leaseback arrangements are expected to be completed in the coming weeks.

 

 

For further information:

 

Newmark Security plc

Marie-Claire Dwek, Chief Executive Officer

Brian Beecraft, Group Finance Director

 

Tel: +44 (0) 20 7355 0070

www.newmarksecurity.com

Allenby Capital Limited

(Nominated Adviser and Broker)

Jeremy Porter / James Reeve / Liz Kirchner

 

Tel: +44 (0) 20 3328 5656

Yellow Jersey PR Limited

Felicity Winkles / Joseph Burgess / Dominic Barretto

 

Tel: +44 (0) 7768 537 739

 

 


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