Nigel Wray has revealed plans to reinvest his share of the proceeds from Prestburys liquidation into Investment, a new company set up by Nick Leslau and Sandy Gumm.
It will invest in property other sectors.
Prestbury reported half-year pretax profit up from £5.11m to £7.91m on turnover up from £7.8m to £12.9m.
The company, which said in June it would liquidate, plans to return not less than 69p a share to its shareholders. It expects to delist in October.
Financial Times 24/08/00 page 25
The Times 24/08/00 page 24, page 28
The Independent 24/08/00 page 15
