Unlisted Investment
Published: 15/11/2005, 17:34
Heavitree Brewery PLC 15 November 2005 The Heavitree Brewery PLC Trood Lane Matford Exeter Devon EX2 8YP Contact: Mr G J Crocker - Director and Company Secretary Telephone: 01392 217733 Date: 15 November 2005 Unlisted Investment - George Gale and Company Limited The Company announces that it holds 23,000 Ordinary Shares, representing 2.3% of the respective issued share capital, in George Gale and Company Limited which is currently the subject of a recommended cash offer from Fuller Smith & Turner P.L.C. On the basis that Heavitree accepts the offer and that the offer is declared unconditional, Heavitree would realise a profit of around £800,000 on its investment, the net proceeds of which will be applied in reducing the Company's bank borrowings. Ends. This information is provided by RNS The company news service from the London Stock Exchange