RNS Number : 5205K

Energiser Investments PLC

19 December 2008


ENERGISER INVESTMENTS PLC

('Energiser' or the 'Company')



The Company is pleased to announce that it has today completed 
the acquisition of Gramm Partnership Housing Limited ('GPHL') 
for a consideration of £5,000.

GPHL is the owner of a substantially completed development of 20 
houses in Wellingborough, Northants.


Engeriser intends to complete the development, retaining most of 
the homes for letting whilst selling others to reduce GPHL's 
outstanding bank loan to Barclays Bank, which currently stands 
at approximately £1.35m.

Energiser will be spending approximately £350,000 to complete 
the development.

The Board anticipates the completed development will be worth 
approximately £2.75m.



Contacts:


Billam PLC

Nish Malde                            +44 (0) 1923 713600

Libertas Capital  

Sandy Jamieson                        +44 (0) 207 569 9650




This information is provided by RNS
The company news service from the London Stock Exchange
 

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