GRH G.R.(Hldgs)

RNS Number:9878H
G.R. Holdings PLC
31 January 2005



                               G R (Holdings) plc


                            ANNOUNCEMENT RE DISPOSAL




On Friday 28 January 2005, Grayshott Hall Limited (100% subsidiary of G R
(Holdings) plc) exchanged contracts for the sale of its property, fixed assets
and its only business, Grayshott Hall Health Fitness Retreat, for a cash
consideration of #8.9M, subject to certain minor adjustments on and post
completion.


The 30 June 2004 audited net book value of the assets sold was #1,143,465. Since
the end of the financial year, however, the property has undergone a
refurbishment programme and other small capital expenditures of approximately
#400,000. Grayshott Hall Limited made an audited pre-tax loss of #354,122 for
the year ending 30 June 2004.


The transaction will give rise to a substantial profit on disposal. G R
(Holdings) plc is giving consideration to its future investment of the cash
arising from the disposal.


The interim results of the group to 31 December 2004 will be available within
the next 6 weeks.














31 January 2005






                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

DISFFLFXEFBFBBF

G.R.(Hldgs) (LSE:GRH)
Gráfica de Acción Histórica
De May 2024 a Jun 2024

G.R.(Hldgs) (LSE:GRH)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024