Exchange of Contracts at Saffron Walden, Essex

26 April 2022

Barkby Group PLC

("Barkby" or the "Company")

Exchange of Contracts at Saffron Walden, Essex

Barkby Group PLC is pleased to announce it has unconditionally exchanged contracts to sell its site at Saffron Walden for £3.45m.  Barkby currently has a book value of £1m for the site, the sale will result in a net profit of £2.3m for Barkby after disposal costs.

Completion has been agreed for 31^st May 2022.

Charles Dickson, Executive Chairman of Barkby Group Plc, commented: 

"I am delighted to have exchanged contracts for the sale of the site. Barkby has added significant value to the site through a series of successful planning applications which has resulted in a significant profit for shareholders."

Enquiries: 

About The Barkby Group Plc:

Barkby Group PLC is a diversified group of high growth, high quality businesses run by an entrepreneurial and experienced management team. The existing wholly owned businesses units within Barkby include: Barkby Real Estate, Barkby Pub Co. and Barkby Investments (comprising of Workshop Coffee, Centurian Automotive, Cambridge Sleep Sciences and a minority stake in Verso Biosense).

 Barkby's strategy is to accelerate and maximise opportunities within its existing businesses.

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the company's obligations under Article 17 of MAR.