Update re. property disposal
Sale of Westgate House freehold property in Peterborough for £4m completed.
- Total consideration £4,000,000
- Cash received at completion £3,000,000
- Deferred consideration £1,000,000
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Further to the Company's announcement on 16 October 2024, Panther Securities PLC announces that the sale of its freehold interest in Westgate House, 26-38 Westgate, Peterborough for a total consideration of £4,000,000 has today completed ("Completion").
At Completion, the Company received £3,000,000 less the £400,000 deposit the Company has already received. The remaining balance of deferred consideration of £1,000,000 is to be paid in two instalments, with the first £500,000 to be paid nine months after Completion; and the final £500,000 to be paid 18 months after Completion.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.