Ecovista Plc
ISDX : EVTP

March 30, 2016 11:11 ET

Acquisition





                                                     
                                                Investment
                                                     
                                               Ecovista PLC
("Ecovista" or the "Company")

The  Directors of Ecovista are pleased to announce that in line with its investment strategy,  the  Company
has purchased the entire share capital of 100 Rye Street Limited ("Rye St")for the sum of £665,000.

Rye  Street  is a special purpose vehicle incorporated in February 2016 that owns one property at  100  Rye
Street  in  the  Hertfordshire town of Bishops Stortford. The property comprises an  extended  split  level
detached  house built into the front slope with the appearance of a bungalow from the road,  although  with
two  more conventional floors to the rear totalling 2,371 sq. ft. The original building is thought to  have
been constructed in the 1920s/30s and is of solid brick construction.

The company will seek planning permission to demolish the existing building and rebuild a new 3000 plus sq.
ft. dwelling to a high specification.

The £665,000 paid for Rye St was satisfied with the company's own cash funds.

As  Rye  St is newly incorporated it has no trading history and therefore no historic turnover or  profits.
The only asset of Rye St is the property at 100 Rye Street.


The Directors of the Company accept responsibility for this announcement.

Luca Tenuta
ECOVISTA Plc
Tel: +44 (0) 7900 242 769

Nick Michaels and Jon Isaacs
Alfred Henry Corporate Finance Limited
Tel:  +44 (0) 20 7251 3762



Date 30 March 2016



Contact Information

  • Ecovista Plc