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:  [phone] Mobile:  [phone] (JD) Mobile:  [phone] (KS) Email: [e-mail] 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:  [phone]

Allenby Capital Limited (Joint Broker) Nick Athanas, Corporate Finance Amrit Nahal, Sales & Corporate Broking Tel:  [phone]

TooleyStreet Communications Limited (Investor and media relations) Fiona Tooley Tel:  [phone] Email: [e-mail]

 

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