TIDMNWN 
 
NEWMARKET INVESTMENTS PLC 
 
                         UPDATE AND PROPERTY DISPOSAL 
 
Further to the announcement made on 22 December 2008, Newmarket Investments plc 
(the "Company") announces that it has completed the part disposal of a non core 
asset, the Barnham property ("Barnham") for GBP105,000. Barnham is a long 
leasehold property with both a commercial shop and a residential flat. 
 
Barnham is a non strategic asset which does not generate any revenues or 
profits. The net book value of the property is GBP250,000. The disposal of the 
flat leaves the commercial shop in the balance sheet at a value of GBP145,000 
with a bank mortgage of GBP94,000. The shop is being actively marketed. 
 
The Company continues to trade in line with management's expectations and is 
carefully managing its working capital position. The net proceeds of the 
disposal have been be used to reduce the Company's borrowings in line with its 
agreement with its lending bank. 
 
For further information please visit www.newmarketinvestmentsplc.com or 
contact: 
 
Jonathan Cohen              Newmarket Investments plc           Tel: 020 7486 8985 
Aaron Smyth / Liam Murray   Dowgate Capital Advisers Ltd        Tel: 020 7492 4777 
Neil Badger                 Dowgate Capital Stockbrokers Ltd    Tel: 01293 517 744 
 
 
 
END 
 

Newmarket Investments (LSE:NWN)
Historical Stock Chart
From May 2024 to Jun 2024 Click Here for more Newmarket Investments Charts.
Newmarket Investments (LSE:NWN)
Historical Stock Chart
From Jun 2023 to Jun 2024 Click Here for more Newmarket Investments Charts.