TIDMSTE

RNS Number : 2343M

Stewart & Wight PLC

11 October 2016

STEWART & WIGHT PLC

845 FINCHLEY ROAD, LONDON NW11 8NA

TEL: +44 (0)20 8455 1111 FAX: +44 (0)20 8455 9191

ANNOUNCEMENT

11 October 2016

Acquisition of freehold property

Stewart & Wight plc ("the company") has contracted to purchase of the freehold property 75 High Street Barnstaple this week. Barclays Bank has agreed to lend the Company GBP1m towards the purchase price of GBP1,130,000. The balance will be met from own funds.

The property is let to Costa Limited for a term of 12 years from 25 March 2006 at a current rent of GBP85,000 per annum. The property is let on a full repairing and insuring lease.

The Board of Stewart & Wight considers that this acquisition will be a valuable addition to its property portfolio.

DAVID M CRAMER

Director

For enquiries about buying and selling shares in Stewart and Wight Plc please contact Mr Lawrence Marshom , Walker Crips Stockbrokers Limited, Finsbury Tower,103-105 Bunhill Row, London ,EC1Y 8LZ.Telephone:44 (0)20 3100 8660

Registered office as above. Registered in England No. 57142

This information is provided by RNS

The company news service from the London Stock Exchange

END

ACQMMMMGGMNGVZM

(END) Dow Jones Newswires

October 11, 2016 06:19 ET (10:19 GMT)

Stewart & Wight (LSE:STE)
Historical Stock Chart
From Apr 2024 to May 2024 Click Here for more Stewart & Wight Charts.
Stewart & Wight (LSE:STE)
Historical Stock Chart
From May 2023 to May 2024 Click Here for more Stewart & Wight Charts.