Final Insurance Payment

RNS Number : 2539K

Walker Greenbank PLC

06 July 2017

 

For immediate release

6 July 2017

WALKER GREENBANK PLC

("Walker Greenbank" or the "Company")

Final Insurance Payment

Walker Greenbank PLC (AIM: WGB), the luxury interior furnishings group, is pleased to announce that, further to its AGM statement issued on 21 June 2017 (the "AGM Statement"), it has now received the final payment of £2.4 million in respect of the insurance claim following the flood in December 2015 at the Company's fabric printing factory. As anticipated at the time of the AGM Statement, the total amount received in respect of the claim for damage to assets and loss of profits is £19.3 million.

For further information:

Walker Greenbank PLC	[phone]
John Sach, Chief Executive Mike Gant, Chief Financial Officer
Caroline Geary, Company Secretary
Investec Bank plc (Nominated Adviser and Broker)	[phone]
Garry Levin / David Anderson / Alex Wright - Corporate Finance
Henry Reast - Corporate Broking
Buchanan	[phone]
Mark Court / Sophie Cowles / Catriona Flint

Notes for editors:

About Walker Greenbank

Walker Greenbank PLC is a luxury interior furnishings company that designs, manufactures and markets wallpapers, fabrics and paints. In addition, the Company derives significant licensing income from the use of its designs on a wide range of interior products such as bed linen, rugs and tableware.

Walker Greenbank's brands include Sanderson, Morris & Co, Harlequin, Zoffany, Scion and Anthology. The brand portfolio was extended with the acquisition of the Clarke & Clarke and Studio G brands in October 2016.

The Company has a strong UK manufacturing base comprising a wallpaper factory in Loughborough and a fabric printing factory in Lancaster. Both factories manufacture for the Company and for other wallpaper and fabric brands.

Walker Greenbank employs more than 600 people and its products are sold in more than 85 countries worldwide. It has showrooms in London, New York, Paris, Amsterdam and Dubai along with partnership showrooms in Moscow and in Shenzhen, China.

Walker Greenbank trades on the AIM market of the London Stock Exchange under the ticker symbol WGB.

For further information please visit: www.walkergreenbank.com/

 

END

 

 

MSCEAXXSEESXEFF