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Caffyns plc confirmed on 26 November 2024 the sale of its freehold property at Brooks Road, Lewes, following the announcement of exchanged contracts on 30 October 2024. The Company classified this as a Significant Transaction under UKLR 7.3.1 (2)(a) because the consideration received exceeds 25% of its market capitalisation.
| Date | 26 Nov 2024 |
| Time | 07:00:03 |
| Category | Disposals |
| ID | 5538N |
Caffyns plc ("the Company")
Sale of freehold property at Brooks Road, Lewes (the "Disposal")
On 30 October 2024, the Company announced it had exchanged contracts for the sale of its freehold property at Brooks Road, Lewes. The Company confirms that the transaction is notifiable under UKLR 7.3.1 (2)(a) as the ratio of consideration to be received from the Disposal exceeds 25% of the market capitalisation of the Company and the Disposal therefore meets the criteria of a Significant Transaction.
The proforma information provided in the announcement has been extracted without amendment from the audited financial statements for the year ended 31 March 2024.