Oak Heritage Ltd contract win (7873O)
23 Septembre 2011 - 8:00AM
UK Regulatory
TIDMOAH
RNS Number : 7873O
Oak Holdings PLC
23 September 2011
23 September 2011
Oak Holdings plc
Contract win by Oak Heritage Ltd
Oak Holdings plc announces that its subsidiary Oak Heritage Ltd
("Heritage") which specialises in the build and restoration of
Hispano Suiza vintage motor cars, has entered into a contract with
a collector for the restoration of a 1922 H6 Hispano Suiza.
Heritage has led the negotiations for the purchase of this car and
has been retained by the collector to undertake a full restoration
of the car over the coming 12 months at a contracted cost of
GBP100,000 which is expected to generate a reasonable margin for
Heritage. The collector has also indicated that it would be
interested in further opportunities to acquire Hispano Suiza cars
and would like to retain Heritage as agent to acquire and restore
the vehicles to concourse condition.
Heritage is currently restoring four 1925/26 T49 Hispano's based
on original parts owned by Heritage and is, for a client, re-wiring
a fifth. The company also supplies Hispano parts to many clients
around the world.
Enquiries:
Oak Holdings plc
Michael Woodcock
Chairman
Tel: 020 7493 5522
Nominated Adviser to Oak Holdings plc
Cairn Financial Advisers LLP
Tony Rawlinson
Tel: 020 7148 7900
This information is provided by RNS
The company news service from the London Stock Exchange
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