Disposal
10 Août 2009 - 1:08PM
UK Regulatory
TIDMPNB
RNS Number : 1656X
Pubs 'n' Bars PLC
10 August 2009
Pubs 'n' Bars plc
(AIM: PNB)
("Pubs 'n' Bars" or "the Group")
Disposal
The Directors of Pubs 'n' Bars, the community public house owner and operator
announce that it has disposed of the leasehold property at the Duke of
Cambridge, 160 Boundary Road, London, E17 8LA .
The Group had written its book value down to GBPnil at the 2008 year end
valuations. The consideration received by the Group was GBP57,500 (before
transaction expenses) which will be used to pay down existing levels of debt.
As a result of this transaction, the Group now operates 104 pubs
=-END--
Enquiries:
Mel Belligero, Chief Executive
Pubs 'n' Bars plc ` Tel: 020 8228 4800
Stewart Dick/Simon Starr
Daniel Stewart & Company plc Tel: 020 7776 6550
This information is provided by RNS
The company news service from the London Stock Exchange
END
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