RNS Number : 4637P

Character Group PLC

17 February 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 : Wednesday, 17 February 2021


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

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

Purchase of new warehouse premises

The Board of Character (AIM symbol: CCT) is pleased to report that, following a simultaneous exchange of contracts and completion, the Group has today acquired a warehouse and office complex at Townley Street, Middleton in Lancashire at a price of GBP5m (excluding VAT). These premises, which are located within 6 miles of the Company's main operational base in Oldham, provide a total of approximately 157,000 sq. ft. of warehouse, office and ancillary accommodation/facilities and are positioned on a plot of approximately 7.44 acres. It will serve as an over-spill warehousing facility for the Group's UK operations, after some updating and fitting out to suit the Group's operating systems and processes.

The Character Group plc 
 FTSE sector : leisure goods: 
 FTSE AIM All-share: symbol: CCT 
 Market cap : GBP93.8m 
 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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(END) Dow Jones Newswires

February 17, 2021 08:36 ET (13:36 GMT)

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