19 May 2022
HERMES PACIFIC INVESTMENTS PLC
(the "Company")
Property purchase
Hermes Pacific Investments plc (AIM: HPAC) is pleased to announce in line with its revised investment strategy approved by shareholders on 14 December 2021, it has made its first property investment.
The Company has purchased a two bedroom leasehold flat and a single garage in Westcliff-on-sea, Southend-on-sea from Mr J. C. Piccolo. The purchase price of £594,907 has been funded from the Company's existing cash resources.
The Company expects to be renting out the property shortly.
This announcement contains inside information for the purposes of Article 7 of the UK version of Regulation (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended ("MAR"). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.
For more information please contact:
| Hermes Pacific Investments plc | |
| Haresh Kanabar, Non-Executive Chairman | Tel: +44 (0) 7802 858893
|
| WH Ireland Limited ( Nominated Adviser & Broker) | |
| Mike Coe/Sarah Mather | Tel: +44 (0) 207 220 1666 |
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