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DJ Via Developments Plc Trading Update - Purchase Latimer Road in Luton

 
TIDMVIA1 
 
17 August 2017 
 
                             Via Developments PLC 
 
                           ("Via" or "the Company") 
 
                Trading Update - Purchase Latimer Road in Luton 
 
Via Developments Plc, is pleased to announce the following: 
 
On the 15 August 2017, Via exchanged contracts for the purchase of a 
residential development site in Latimer Road, Luton. The site has planning 
permission for c. 200 apartments including planning  permission for retail 
space. The purchase price of the site is GBP8,250,000. 
 
Under the terms of the contract, the Company has paid a non-refundable exchange 
deposit of GBP412,500 to the seller to secure the site. Completion of the 
purchase is subject to, amongst other things, the Company securing funding for 
the development of the site. 
 
Neither this announcement nor the information contained herein constitutes an 
offer or solicitation by Via Developments Plc for the purchase or sale of any 
securities, nor does it constitute a solicitation to any person in any 
jurisdiction where solicitation would be unlawful. 
 
The directors of Via Developments Plc accept responsibility for this 
announcement. 
 
COMPANY CONTACT DETAILS: 
 
Via Developments Plc 
 
24 Queen Street 
 
Manchester 
 
M2 5HX 
 
Telephone: +44 161 850 2633 
 
http://www.vdplc.com/ 
 
NEX EXCHANGE CORPORATE ADVISER: 
 
Alexander David Securities Limited 
 
David Scott -Corporate Finance 
 
James Dewhurst - Corporate Brokering 
 
Telephone: +44 (0) 20 7448 9820 
 
http://www.ad-securities.com 
 
49 Queen Victoria Street, London EC4N 4SA 
 
 
 
END 
 

(END) Dow Jones Newswires

August 17, 2017 12:21 ET (16:21 GMT)