TIDMCCT

RNS Number : 4145N

Character Group PLC

29 January 2021

The information contained within this announcement is deemed by the Company to constitute inside information stipulated under the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.

LONDON : Friday, 29 January 2021

THE CHARACTER GROUP PLC

("Character", "Company", "Group")

Designers, developers and international distributor of toys, games and giftware

Contracts signed to extend Peppa Pig licence

and

Completion of sale of property

Peppa Pig licence extension

The Board of Character (AIM: symbol: CCT.L) is delighted to report that, as contemplated in the Group's announcement on 10 December 2020, agreement has been reached and contracts signed with the brand owner, Hasbro, to continue the Group's current Peppa Pig wood products licence through to 31 December 2023 and to significantly extend the product range under that licence. As previously reported, the new toy product categories to be added to this licence include basic plush, eco plush, feature plush, activity toys and a nursery product range .

Completion of sale of property

The Board is also pleased to confirm that the sale of the freehold to the Group's over-spill warehouse premises at Vernon Works, Oldham in Lancashire was completed today and the receipt, in full of the purchase price of GBP3.5 million (plus VAT) in cash was received.

 
 
The Character Group plc 
 FTSE sector : leisure goods: 
 FTSE AIM All-share: symbol: CCT 
 Market cap : GBP90m 
 Email: info@charactergroup.plc.uk 
Group website: www.thecharacter.com 
 Product ranges can also be viewed at www.character-online.co.uk 
 
 
Enquiries to: 
The Character Group plc 
Jon Diver, Joint Managing Director 
Kiran Shah, Joint Managing Director & Group Finance Director 
Office: +44 (0) 208 329 3377 
 Mobile: +44 (0) 7831 802219 (JD) 
 Mobile: +44 (0) 7956 278522 (KS) 
 
Panmure Gordon 
 (Nominated Adviser and Joint Broker) 
 Atholl Tweedie, Investment Banking 
 Charles Leigh-Pemberton, Corporate Broking 
 Rupert Dearden, 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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January 29, 2021 09:09 ET (14:09 GMT)

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