StockMarketWire.com - Treatt says that further to its proposed site relocation it has conditionally exchanged contracts on a ten acre plot of land on Suffolk Park being developed by Jaynic in Bury St Edmunds.
Completion of the purchase, the price of which is subject to contractual confidentiality, is conditional upon the vendor being granted outline planning permission, application for which is due to be made shortly.
The purchase of the land will be funded from existing resources and it is not anticipated that further major capital outlay will be required until later in calendar 2017.
At 3:35pm: [LON:TET] Treatt PLC share price was -2.5p at 266p
Story provided by StockMarketWire.com
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