Omega Diagnostics Group PLC Sale and leaseback of building owned by Omega GmbH (3275K)
July 06 2017 - 5:56AM
UK Regulatory
TIDMODX
RNS Number : 3275K
Omega Diagnostics Group PLC
06 July 2017
Omega Diagnostics Group PLC
("Omega" or the "Company")
Sale and leaseback of the building owned by Omega GmbH
Omega (AIM: ODX), the medical diagnostics company focused on
allergy, food intolerance and infectious disease, announces that it
has concluded the sale and leaseback of the building owned by its
wholly owned subsidiary, Omega Diagnostics GmbH.
The Company will receive gross proceeds of EUR800,000 and has
simultaneously entered into a contract with the new landlord to
lease the facility back over 15 years. A rent deposit of just under
EUR100,000 will be retained by the landlord initially but which
will reduce in stages of five-year periods.
As announced last week, the Company is proposing to raise funds
from new and existing shareholders via a placing and open offer,
subject to shareholder approval which will be sought at the General
Meeting on 18 July 2017. The proceeds from the building sale will
be used by the Company for its accelerated growth strategy as
outlined in the circular sent to shareholders on 30 June 2017.
Kieron Harbinson, Chief Financial Officer of the Company
commented: "We are pleased to be able to supplement our proposed
fundraising from the placing and open offer with the sale proceeds
from this property transaction. The timing makes good sense as we
embark on our accelerated growth strategy and given where the
current euro/pound exchange rate sits."
The information communicated in this announcement is inside
information for the purposes of Article 7 of EU Regulation
596/2014.
Contacts:
Omega Diagnostics Group Tel: 01259 763 030
PLC
Andrew Shepherd, Chief www.omegadiagnostics.com
Executive
Kieron Harbinson, Group
Finance Director
Jag Grewal, Group Sales
and Marketing Director
finnCap Ltd Tel: 020 7220 0500
Geoff Nash/James Thompson
(Corporate Finance)
Mia Gardner (Corporate
Broking)
Walbrook PR Limited Tel: 020 7933 8780 or omega@walbrookpr.com
Paul McManus Mob: 07980 541 893
Lianne Cawthorne Mob: 07584 391 303
This information is provided by RNS
The company news service from the London Stock Exchange
END
DISRFMMTMBAMBIR
(END) Dow Jones Newswires
July 06, 2017 06:56 ET (10:56 GMT)
Omega Diagnostics (LSE:ODX)
Historical Stock Chart
From Apr 2024 to May 2024
Omega Diagnostics (LSE:ODX)
Historical Stock Chart
From May 2023 to May 2024