SAF Safeland

TIDMSAF

RNS Number : 9951F

Safeland PLC

01 November 2018

Safeland PLC

("Safeland")

Acquisition of North Downs Golf Club

Safeland (AIM: SAF) is pleased to announce that it has acquired North Downs Golf Club ("North Downs" or the "Club") based in Woldingham, Surrey. North Downs is a well established 18 hole golf course with a 664 m(2) clubhouse together with a golf shop and reception.

The total consideration payable for this freehold property is GBP1.065 million in cash which will be funded from the Company's existing cash resources.

Safeland intends to invest in developing the Club's existing facilities and thereby enhance the Club's appeal to both existing and new members.

Commenting on the transaction, Larry Lipman, Managing Director of Safeland, said: "This is a very well located leisure asset with significant potential to upgrade and improve upon the current infrastructure. We look forward to working with the North Downs management team to develop the Club's potential."

-ENDS-

 
 For further information: 
  Safeland 
 Larry Lipman, Managing     Tel: 020 8815 1600 
  Director 
  Stockdale Securities (Nominated Adviser and 
   Broker) 
 Tom Griffiths              Tel: 020 7601 6100 
 

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END

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November 01, 2018 03:30 ET (07:30 GMT)

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