Dewhurst Group PLC Property Purchase
01 February 2025 - 12:10AM
RNS Regulatory News
RNS Number : 5034V
Dewhurst Group PLC
31 January 2025
Dewhurst
Group PLC
("Dewhurst" or the "Group")
Property
Purchase
Dewhurst Group plc (AIM: DWHT), the
global manufacturer and supplier of quality components to the lift,
transport and keypad industries, announces that it has today
acquired the existing site of its A&A Electrical Distributors
Ltd ('A&A') business
from the trustees of the A & A Electrical Distributors Ltd
Retirement Benefit Scheme ("Vendor") (together the "Purchase"). The consideration for the
Purchase was £7.0m, payable in cash immediately.
The property acquired is based in
South Woodford, East London, and comprises the site that A&A
have historically leased from the Vendor for A&A's normal
course of trading, plus two other small adjoining units.
There are no profits or losses
attributable to the assets which have been acquired, and the
Purchase secures A&A's continued use of the site for the long
term.
For
further enquiries:
Contacts:
|
Dewhurst Group Plc
|
Tel: +44 (0)208 744 8200
|
|
Richard Dewhurst,
Chairman
Jeremy Dewhurst, Chief Financial
Officer
www.dewhurst-group.com
|
|
|
Singer Capital
Markets (Nominated
Adviser and Sole Broker)
|
Tel: +44 (0)207 496 3000
|
|
Rick Thompson / Alex Bond
|
|
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END
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