Source - SMW
Energiser Investments has signed a binding contract to sell the 20 residential units in the Wellingborough portfolio for £2,800,000, in line with expectations.

Energiser said the sale was expected to complete and funds paid to it in November.  

It said that net of associated bank debt this would return approximately £1,500,000 of cash to Energiser.  

It said the  funds received from the sale would be used to strengthen its balance sheet in preparation for the next investment.

At 9:24am: (LON:ENGI) Energiser Investments Plc share price was +0.25p at 2p