GETECH Group plc Sale of Asset & Change of Registered Office (3562A)
22 Enero 2024 - 1:00AM
UK Regulatory
TIDMGTC
RNS Number : 3562A
GETECH Group plc
22 January 2024
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION. UPON THE
PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW
CONSIDERED TO BE IN THE PUBLIC DOMAIN
22 JANUARY 2024
Getech Group plc
("Getech" or the "Company")
Sale of Asset and Change of Registered Office and Place of
Business
Getech (AIM: GTC), a world-leading locator of subsurface
resources, is pleased to announce the partial sale of its head
office and subsequent change of registered office and place of
business.
Background:
The Company's head office is located at Elmete Hall near Leeds,
which comprises of three adjoining properties known as Kitson
House, Nicholson House and The Old Hall, of which the Company owned
two properties: Kitson House, which is a 5,726 sq ft Grade 2 listed
Georgian building, and Nicholson House, which is a modern 6,996 sq
ft office building. During Covid, the Company vacated Kitson House
to reduce costs and Getech staff are now located within Nicholson
House.
Sale of Asset:
The Company is pleased to report that it has sold Kitson House
for gross proceeds GBP0.65m. Getech intends to use the net proceeds
of the sale to paydown bank debt secured on the property, which is
currently in discussion with the bank, with the remainder retained
by the business for working capital.
Retention of Asset:
The Company has retained freehold ownership of Nicholson House,
which was independently valued in December 2023 at GBP0.86m. The
remaining debt, which is estimated to be approximately GBP0.35m,
will be secured solely against Nicholson House. The Company
continues to market Nicholson House for sale, and the intention is
to sell the property and move to more suitable premises in central
Leeds.
Change of Registered Office and Change of Place of Business:
Whilst there has been no physical move, the Company's registered
office and place of business has been updated to: Getech Group plc,
Nicholson House, Elmete Hall, Elmete Lane, Leeds LS8 2LJ, United
Kingdom.
Richard Bennett, acting CEO said, "We are pleased to have sold
Kitson House and we will use the net proceeds to continue to
develop the business. Although the property market remains
challenging, we shall continue to offer Nicholson House to the
market and use the proceeds to relocate within Leeds to more
appropriate offices closer to the university and its innovative
community. This will enhance the business as we accelerate the
development of the Globe geoscience platform."
For further information, please contact:
Getech Group plc
Richard Bennett, CEO Tel: 0113 322 2200
Cavendish Capital Markets Limited
Neil McDonald / Pete Lynch (Corporate Finance) Tel: 0207 397 8900
Michael Johnson / Dale Bellis (Sales)
N ovella Communications T el: 0203 151 7008
Tim Robertson / Claire de Groot / Safia Colebrook
getech@novella-comms.com
Notes to editors:
Getech Group plc (AIM: GTC) applies its world-leading geoscience
data and unique geospatial software products to accelerate the
energy transition by locating, developing and operating geoenergy
and green hydrogen projects.
For further information, please visit www.getech.com .
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
CROEAXFNFEPLEFA
(END) Dow Jones Newswires
January 22, 2024 02:00 ET (07:00 GMT)
Getech (LSE:GTC)
Gráfica de Acción Histórica
De Abr 2024 a May 2024
Getech (LSE:GTC)
Gráfica de Acción Histórica
De May 2023 a May 2024