Hermes Pacific Investments PLC Property purchase (0061M)

TIDMHPAC

RNS Number : 0061M

Hermes Pacific Investments PLC

19 May 2022

HERMES PACIFIC INVESTMENTS PLC

(the "Company")

Property purchase

Hermes Pacific Investments plc (AIM: HPAC) is pleased to announce in line with its revised investment strategy approved by shareholders on 14 December 2021, it has made its first property investment.

The Company has purchased a two bedroom leasehold flat and a single garage in Westcliff-on-sea, Southend-on-sea from Mr J. C. Piccolo. The purchase price of GBP594,907 has been funded from the Company's existing cash resources.

The Company expects to be renting out the property shortly.

This announcement contains inside information for the purposes of Article 7 of the UK version of Regulation (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended ("MAR"). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.

For more information please contact:

 
 Hermes Pacific Investments       www.hermespacificinvestments.com 
  plc 
 Haresh Kanabar, Non-Executive    Tel: +44 (0) 7802 858893 
  Chairman 
 WH Ireland Limited ( Nominated   https://www.whirelandplc.com/capital-markets 
  Adviser & Broker) 
 Mike Coe/Sarah Mather            Tel: +44 (0) 207 220 1666

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(END) Dow Jones Newswires

May 19, 2022 02:00 ET (06:00 GMT)

Hermes Pacific Investments (LSE:HPAC)
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