Re: The Highwayman
12 Settembre 2007 - 5:17PM
UK Regulatory
RNS Number:7534D
Gourmet Holdings PLC
12 September 2007
Gourmet Holdings plc
("Gourmet" or "the company")
Re: The Highwayman
Gourmet is pleased to announce the surrender of its leasehold interest in the
Highwayman, the last remaining pub restaurant owned by the Company.
The Highwayman has been closed since January 2007 and made a loss of
approximately #173,000 in the 52 weeks to 25 June 2006 and #80,000 in the 28
weeks to 7 January 2007. The transaction was structured as a surrender of
Gourmet's leasehold interest in respect of which Gourmet paid the freeholder a
reverse premium of #260,000.
The original leasehold consideration and associated development costs of
approximately #785,000 were fully written down to nil value by the 28 week
period ending 7 January 2007. The annualised costs of the Highwayman since its
closure were running at approximately #78,000.
12 September 2007
Enquires:
Gourmet Holdings
Neil Blows 020 7491 3791
Arbuthnot Securities
Nick Marsh 020 7012 2000
Paul Vanstone
College Hill
Justine Warren 020 7457 2020
Matthew Smallwood
This information is provided by RNS
The company news service from the London Stock Exchange
END
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