Sale of freehold property

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 £3.5 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 £1.78 million and had a net book value at 31 August 2020 of c. £1.44 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

 

 

 

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