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: +44 (0)208 329 3377

Tel: +44 (0)121 362 4035

(Nominated Adviser)

www.thecharacter.com


Tel: +44 (0)207 149 6000

Ticker: AIM: CCT



 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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