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BRIEF-Severn Trent sells land in Nottingham for 21.8 mln stg

May 1 (Reuters) - Severn Trent PLC:

* SALE OF LAND IN NOTTINGHAM

* SALE VALUES LAND AT £21.8 MILLION, REALISING A GROUP PROFIT OF £18.2 MILLION 1 IN YEAR ENDED 31 ST MARCH 2019.

* PAYMENTS WILL BE MADE IN CASH AND PHASED OVER LIFE OF PROJECT WITH £2.3 MILLION PAYABLE NOW AND REMAINDER PHASED EVENLY OVER 5 FURTHER YEARLY PAYMENTS OF £3.9 MILLION EACH ENDING ON 30TH APRIL 2023. Source text for Eikon: Further company coverage: (Reporting By UK Bureau)

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