Jan 7 (Reuters) - Programmed Maintenance Services Ltd PRG.AX :
* Programmed sells vessels for $25 million PRG.AX
* Says agreement remains subject to due diligence, bank and board approvals
* Remaining vessel is subject to a separate offer from an overseas buyer conditional upon inspection and other normal vessel sale terms
* Says proceeds from the sale will be used to retire debt
* Current trading performance of broadsword business has weakened and transaction will remove the risk of further volatility in earnings
* Source text for Eikon ID:nASX97QT6R