NYR Newbury Racecourse plc

 
TIDMNYR 
 
4 December 2020 
 
Newbury Racecourse plc (the "Company") 
 
Non-core Land sale - Opperman Site 
 
The Company announces that today it completed the sale of a 1.2 acre land 
parcel (the "Non-core Land Parcel"), known as the Opperman Site, on the 
northern perimeter of the racecourse, to Progressive Technology Limited for a 
cash consideration of GBP1.5 million. 
 
The sale price of the Non-core Land Parcel is equal to the asset value at which 
it was held on the Company's balance sheet dated 31 December 2019. 
 
The Non-core Land Parcel was originally acquired by the Company in 2004 as part 
of a larger land acquisition which was made to enable an additional access 
route onto the racecourse on the northern perimeter.  Following construction of 
the new access bridge as part of the redevelopment at the racecourse, the 
Non-core Land Parcel is no longer required for the current or future operation 
of the racecourse. 
 
The consideration received from the sale of the Non-core Land Parcel will be 
used to reduce the indebtedness of the Company. 
 
Ends 
 
For further information please contact: 
 
Newbury Racecourse plc Tel: 01635 40015 
Julian Thick (Chief Executive) 
Harriet Collins (Head of Communications) 
 
Hudson Sandler Tel: 020 7796 4133 
Charlie Jack 
 
 
 
END 
 

(END) Dow Jones Newswires

December 04, 2020 09:51 ET (14:51 GMT)

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