Property Sale Completed

RNS Number : 9895M

Character Group PLC

25 August 2011

 



Issued by Citigate Dewe Rogerson Ltd, Birmingham

Date: Thursday, 25 August 2011

The Character Group plc

(the "Company")

Property Sale Completed

The Company has completed the sale of its office building in Teddington which became surplus to its current requirements when it was able to purchase the freehold of its New Malden head office premises as announced on 19 May 2011.

The original purchase of the Teddington property was made by Downpace Limited, a non-trading wholly owned subsidiary of the Company. The sale of the property was effected by the sale of Downpace Limited whose sole asset was the premises.

As there were no specific facilities utilised to make the purchase of the Teddington property, the entire proceeds attributable to the transaction of approximately £1 million, which equates to the total costs of the purchase, have been returned to Group funds.

Enquiries:
Richard King, Chairman		Russell Cook
Kiran Shah, Group Finance Director & Joint MD	Fiona Tooley/Keith Gabriel	Carl Holmes
The Character Group plc	Citigate Dewe Rogerson	Charles Stanley Securities
Tel: [phone]	Tel: [phone]	(Nominated Adviser)
www.thecharacter.com		Tel: [phone]
Ticker: AIM: CCT

 

END

 

 

DISDKQDBABKDOFB