Conygar Investment Company Report & Accounts

SUMMARY

  • Net asset value per share 178.2p at 30 September 2019.
  • Resolution passed to grant planning permission for our mixed-use scheme in Nottingham City Centre.
  • Construction of the Lidl store at Cross Hands, Carmarthenshire completed.
  • Completion of the construction and sale in October 2019 of B&M store in Ashby-de-la-Zouch, Leicestershire.
  • Disposal of the Premier Inn at Parc Cybi, Anglesey completed in March 2019.
  • Sale of Selly Oak, Birmingham agreed subject to planning permission.
  • Write down of land value at Haverfordwest, Pembrokeshire by £18.6 million, reflecting the weak housing market.
  • Bought back 3.24 million shares (5.4% of ordinary share capital) at an average price of 172.3 pence per share.
  • Total cash available of £39.9 million and no borrowings.

Conygar Investment Company PLC (LON:CIC) is an AIM quoted property investment and development group dealing primarily in UK property.

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