M.P. EVANS GROUP PLC
("Group" or "M.P. Evans")
SALE OF WOODLANDS
The board is pleased to announce that, further to the announcement on 15 September 2015 regarding the conditional sale of Woodlands, the Group's Australian cattle-fattening property, for the sum of A$28 million (approximately US$20 million), to the Chinese Fucheng Group, all the conditions have now been satisfied. Accordingly, settlement of the contract, for cash, is now due to occur by 18 November 2015.
As referred to in the announcement of 15 September 2015, the cattle and the plant and equipment on the property, with a combined value of over A$10 million (approximately US$7 million), are in the course of being sold separately.
5 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 |
|