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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January 07, 2021 02:00 ET (07:00 GMT)

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