James Latham Plc
 
The Company is pleased to announce that it has purchased the freehold interest in Units 1 to 4, Swallow Park, Hemel Hempstead, 43,500 square foot offices and warehouse that it occupies for a cash consideration of £5,250,000 payable on completion.  The units had previously been leased at a cost of £326,100 per annum and were subject to a review which would have been effective from June 2006.  It secures the future of the Company’s head office and trading operation and completes the programme of relocation from the site in Clapton to three owned sites at Hemel Hempstead, Thurrock and Purfleet.
 
Enquiries:

Peter Latham, Chairman	Tel:  01442 849 100
David Dunmow, Finance Director	Tel:  01442 849 100
Blue Oar Securities Plc Mike Coe, Director, Corporate Finance	Tel:  0117 933 0020

 
END