Press Releases

Disposal of Ipswich Surplus Property

31st March 2006

Manganese Bronze Holdings PLC, the leading manufacturer of the distinctive London black taxi, is pleased to announce that it has completed the sale of its surplus property in Ipswich for £4.2 million in cash to Allied Property & Leisure Ltd. The property has a net book value of £2.9 million and generated rental income of £0.2 million for the year ended 31 July 2005. The profit on sale will be approximately £1.1 million after costs and the proceeds of the disposal will be used for general corporate activities.

Manganese Bronze will announce its interim results for the six months ended 31 January 2006 on Wednesday 5 April 2006.

< back to press release list