Character Group PLC Sale of freehold property (8452K)
January 07 2021 - 01:00AM
UK Regulatory
TIDMCCT
RNS Number : 8452K
Character Group PLC
07 January 2021
Thursday, 7 January 2021
The Character Group plc
Designers, developers, and international distributor of toys,
games, and giftware
("Character" or the "Group")
Sale of freehold property
Character (AIM: symbol: CCT.L) is pleased to announce that
contracts have been exchanged for the sale of the Group's UK
overspill warehousing facility at Vernon Works, Oldham in
Lancashire for GBP3.5 million in cash (excluding VAT). Completion
is scheduled to take place on 29 January 2021.
The freehold to the facility was acquired by the Group in July
2011 for a total cost of GBP1.78 million and had a net book value
at 31 August 2020 of c. GBP1.44 million.
ENQUIRIES:
The Character Group plc
Jon Diver, Joint Managing Director
Kiran Shah, Joint Managing Director
Tel: +44 (0) 208 329 3377
Mobile: +44 (0) 7831 802219 (JD)
Mobile: +44 (0) 7956 278522 (KS)
Email: info@charactergroup.plc.uk
Websites:
www.thecharacter.com
www.character-online.com
FTSE sector : leisure:
FTSE AIM All-share: symbol: CCT
Panmure Gordon (Nominated Adviser and Joint Broker)
Atholl Tweedie, Investment Banking
Charles Leigh-Pemberton, Corporate Broking
Tel: +44 (0) 20 7886 2500
Allenby Capital Limited (Joint Broker)
Nick Athanas, Corporate Finance
Amrit Nahal, Sales & Corporate Broking
Tel: +44 (0) 20 3328 5656
TooleyStreet Communications Limited (Investor and media relations)
Fiona Tooley
Tel: +44 (0) 7785 703523
Email: fiona@tooleystreet.com
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END
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