RNS Number : 6314C
Braime Group PLC
24 February 2022
 

BRAIME GROUP PLC

 ("Braime" or the "Company" and with its subsidiaries the "Group")

 

Warehouse Update

 

On 18 August 2021, the Company announced that as part of the Company's wider strategy to enhance its freehold property at Hunslet Road (Leeds) the Group were redeveloping the rear of the property and incorporating a new climate-controlled warehouse extension for use by its CNC chain cell operations, improving dispatching areas for its manufacturing division, and additional parking facilities.  The anticipated completion date for this was around the end of 2021.

 

The Company confirms that in the course of construction the builders have encountered an unmarked well which has caused delays to the works. Completion of the warehouse is now expected to be the summer of 2022. 

 

Any additional overrun of costs is anticipated to come from existing cash resources.

 

For further information please contact:

 

Braime Group PLC

Nicholas Braime/Cielo Cartwright

0113 245 7491

 

W. H. Ireland Limited

Katy Mitchell

0113 394 6628

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
MSCBKNBPFBKDBBB