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On 31 January 2025, Dewhurst Group PLC announced the acquisition of the existing site of its A&A Electrical Distributors Ltd business from the trustees of the A & A Electrical Distributors Ltd Retirement Benefit Scheme. The purchase was for a cash consideration of £7.0 million. The acquired property is located in South Woodford, East London, comprises the historically leased A&A site plus two adjoining units, and has no attributable profits or losses.
| Date | 31 Jan 2025 |
| Time | 13:10:03 |
| Category | Miscellaneous |
| ID | 5034V |
Dewhurst Group PLC
("Dewhurst" or the "Group")
Property Purchase
Dewhurst Group plc (AIM: DWHT), the global manufacturer and supplier of quality components to the lift, transport and keypad industries, announces that it has today acquired the existing site of its A&A Electrical Distributors Ltd ('A&A') business from the trustees of the A & A Electrical Distributors Ltd Retirement Benefit Scheme ("Vendor") (together the "Purchase"). The consideration for the Purchase was £7.0m, payable in cash immediately.
The property acquired is based in South Woodford, East London, and comprises the site that A&A have historically leased from the Vendor for A&A's normal course of trading, plus two other small adjoining units.
There are no profits or losses attributable to the assets which have been acquired, and the Purchase secures A&A's continued use of the site for the long term.
For further enquiries:
Contacts:
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Dewhurst Group Plc |
Tel: +44 (0)208 744 8200 |
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Richard Dewhurst, Chairman Jeremy Dewhurst, Chief Financial Officer
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Singer Capital Markets (Nominated Adviser and Sole Broker) |
Tel: +44 (0)207 496 3000 |
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Rick Thompson / Alex Bond |
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