Update re. property disposal
First instalment of £500,000 deferred consideration received early from Westgate House property sale.
- First instalment received £500,000
- Remaining deferred consideration £500,000
- Total deferred consideration £1,000,000
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Further to the Company's announcement on 16 October 2024, Panther Securities PLC announces that it has received the first instalment of deferred consideration of £500,000 which was due pursuant to the sale of the Company's freehold interest in Westgate House, 26-38 Westgate, Peterborough.
This instalment has been paid early, as it was due to be paid nine months after completion which took place on 20 December 2024 ("Completion").
The remaining balance of deferred consideration of £500,000 is contracted to be paid 18 months after Completion.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.