Acquisition of long leasehold interest
06 Septiembre 2010 - 1:00AM
UK Regulatory
TIDMKIO
6 September 2010
Kiotech International plc ("Kiotech")
Acquisition of long leasehold interest
Kiotech has entered into a conditional exchange of contracts to acquire a long leasehold interest in property at Manton Wood, Nottinghamshire for GBP1.45m.
The premises comprise the main production facilities for the group's feed additive business and its administrative and finance functions have also been centralised at the site.
Kiotech currently occupies the site on short leases, consequently the completion of the acquisition of a long leasehold interest with 286 years remaining will provide security of tenure on which to make long term investment decisions and will be earnings enhancing.
Kiotech International PLC
Karen Prior Group Finance Director 077 1863 2303
FinnCap
Matthew Robinson/Stephen Norcross 020 7600 1658
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