Sale of freehold property
Updated : 07:01
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.character-online.com |
FTSE sector: leisure: FTSE AIM All-share: symbol: CCT |
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Panmure Gordon (Nominated Adviser and Joint Broker) Atholl Tweedie, Investment Banking Charles Leigh-Pemberton, Corporate Broking Tel: +44 (0) 20 7886 2500 |
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Allenby Capital Limited (Joint Broker) Nick Athanas, Corporate Finance Amrit Nahal, Sales & Corporate Broking Tel: +44 (0) 20 3328 5656 |
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TooleyStreet Communications Limited (Investor and media relations) Fiona Tooley Tel: +44 (0) 7785 703523 Email: fiona@tooleystreet.com |
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