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Panther Securities PLC - Hertfordshire, England-based property investor - Sells its freehold interest in Westgate House, Peterborough, for £4.0 million. Will receive £3.0 million cash upon completion, with the remaining £1.0 million to be deferred but also secured with a second charge on the property. The first £500,000 of deferred consideration is to be paid after nine months and the final £500,000 after 18 months from completion. The purchase price represents an increase of £1.4 million on the current book value for the property of £2.6 million, which was last independently revalued in July 2023. Expects to use funds for future property investment which has yet to be identified. Current stock price: 322.80 pence, closed up 2.5% in London on Wednesday 12-month change: up 9.4% Copyright 2024 Alliance News Ltd. All Rights reserved.
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