Wellington Market Company PLC
("the Company")
Disposal of Clydach Market
22 November 2012
The directors of Wellington Market Company plc in line with its
strategy to dispose of poor performing markets, has, on
19th November 2012 entered into an
agreement for the sale of its property at Clydach, Wales for a cash consideration of £487,500 to
Dawnus Construction Ltd, a civil engineering company.
The market business carried on at Clydach, which will
consequently close, represented £135,000 of sales and £35,000 of
profit to the Company.
The amount of the consideration received less costs of the
transaction and associated market closure costs will be applied to
reduce the Company's overall loan facilities with Lloyds TSB. There
will be no significant profit on the sale of this asset. Completion
of the sale is due to occur in early January
2013.
For further information please contact:
Wellington Market Company Plc.
Paul Fice, Company Secretary Tel: +44 1952 242019
Grant Thornton Corporate Finance (Corporate Adviser)
Gerry Beaney / Daniela Amihood Tel:
+44 207 383 5100
The Directors of the issuer (Wellington Market Company Plc)
accept responsibility for this announcement.