PSPI Public Services Properties Investments

TIDMPSPI

RNS Number : 8227K

Public Service Properties Inv Ltd

05 January 2016

5 January 2016

Public Service Properties Investments Limited

(the "Company")

Strategic Review Update

On 4 March 2015 the Company announced that the sale of its UK companies, businesses and assets to the Embrace Group Limited ("Embrace") had completed on a cash free, debt free basis for GBP34.5 million including GBP2.5 million (the "Deferred Consideration") to be paid in cash by 31 December 2015 subject to certain conditions. On 30 April 2015 the Company announced that all conditions in respect of the Deferred Consideration had been satisfied.

The Company confirms receipt of the Deferred Consideration on 31 December 2015.

The Company continues to test the market for the four remaining investment properties located in Germany and will make further announcements as appropriate.

For further information please visit www.pspiltd.com or call:

 
  Dr. D. Srinivas        Ben Mingay                Tom Griffiths 
   Ralph Beney            Sylvester Oppong          Henry Willcocks 
   RP&C International     Smith Square Partners     Stockdale Securities 
   (Asset Manager)        (Financial Adviser)       (Nomad and Broker) 
   020 7766 7000          0203 696 7260             020 7601 6100 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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January 05, 2016 02:41 ET (07:41 GMT)

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