Re Contract
November 14 2003 - 2:00AM
UK Regulatory
RNS Number:0644S
OEM PLC
14 November 2003
OEM plc
The group exchanged and completed contracts on 13 November 2003 for the sale of
its site at Northwich for approximately #1,600,000 net of expenses. The
property was held as dealing stock at cost of #800,000 and yielded #120,000 p.a.
rent.
The proceeds of sale have been applied to repaying the associated term loan of
#795,000, with the balance retained for general corporate purposes.
This information is provided by RNS
The company news service from the London Stock Exchange
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