Coronavirus Update

Conygar Investment Company Plc - Interim Results

Major Points


·     Net asset value per share 179p at 31 March 2019. 


·     Outline planning permission granted for our mixed-use scheme in Nottingham City Centre.


·     Construction of the Lidl store at Cross Hands and the B&M store in Ashby-de-la-Zouch both underway.


·     Disposal of the Premier Inn at Parc Cybi, Anglesey completed.


·     Sale of Selly Oak, Birmingham agreed subject to planning permission.


·     Write down of Haverfordwest land value by £18.5 million, reflecting the weak housing market.


·     Bought back 3.24 million shares (5.4% of ordinary share capital) at an average price of 172 pence per share.


·     Total cash available of £45.6 million and no debt.



Summary Group Net Assets as at 31 March 2019





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Other Net Liabilities




Net assets










Robert Ware, Chief Executive of The Conygar Investment Company, commented:


"The granting of the outline planning permission at Nottingham is a very significant step forward, which we believe will be transformational for the Group.


With our cash balances of £46 million and no debt, we are positioned to deliver our projects and to take advantage of increasing market volatility."