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Panther Securities PLC announced on 20 December 2024 the completion of the sale of its freehold interest in Westgate House, Peterborough, for a total consideration of £4,000,000. At completion, the Company received £2,600,000, with a £400,000 deposit having been previously received. The remaining £1,000,000 of deferred consideration is scheduled for two £500,000 payments, due nine and 18 months after completion.
| Date | 20 Dec 2024 |
| Time | 12:55:17 |
| Category | Disposals |
| ID | 9785Q |
20 December 2024
Panther Securities PLC
(the "Company" or the "Group")
Update re. property disposal
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.
For further information:
Panther Securities plc: Tel: 01707 667 300
Andrew Perloff / Simon Peters
Allenby Capital Limited (Nomad and Joint Broker) Tel: 020 3328 5656
Alex Brearley / Piers Shimwell