REG - Camellia PLC - Artwork Sale and Update on Indian Tea Estate MOU

CamelliaAnnouncement

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RNS Number : 9343Y  Camellia PLC  01 April 2026

1 April 2026
Camellia Plc

('Camellia', the 'Company')

Sale of Artwork

Update on Indian Tea Estate MOU

 

Camellia is pleased to announce the recent sale of some of the Company's
artwork has realised proceeds of £3.7 million, with a profit of £3.6
million.  The proceeds from this will support the Company's Value Enhancement
Plan, which includes increasing investment into higher-return operating assets
to generate long-term growth in shareholder value.

The Company also notes the announcement by Goodricke Group Limited (a 74%
owned Indian subsidiary of Camellia) on 1 April 2026 to the Bombay Stock
Exchange, of the termination of the memorandum of understanding (announced by
the Company on 23 Feburary 2026) in connection with the proposed sale of its
Barnesbeg Tea Estate.

This announcement contains inside information under Article 7 of the Market
Abuse Regulation (EU) No. 596/2014, as part of UK domestic law via the
European Union (Withdrawal) Act 2018.

 

Enquiries:

Camellia
Plc
01622 746655 / investorrelations@camellia.co.uk
(mailto:investorrelations@camellia.co.uk)

Byron Coombs, Chief Executive

Oliver Capon, Chief Financial Officer

Panmure Liberum (Nominated Adviser and Broker)             020
7886 2500

Emma Earl / Will Goode

Rupert Dearden

Equitory Limited (Investor
Relations)
       07909918034

Catherine Miles

H/Advisers Maitland (Financial PR)
                                    07785
292617

William
Clutterbuck

Investors can register to receive updates and news from the Company by
registering their email address at investorrelations@camellia.co.uk
(mailto:investorrelations@camellia.co.uk) .

 

About Camellia:

Camellia Plc is the ultimate holding company of a group of agricultural
businesses incorporated in jurisdictions across the world (the 'Operating
Companies'), while also owning and operating other assets outside of
agriculture.

Camellia's purpose is to grow and nurture agricultural businesses and assets
of the highest quality - creating value for today's shareholders, while
investing for the long term. Camellia's Operating Companies are committed to
working fairly, sustainably and with integrity for the wellbeing of their
employees, communities, and the natural environment.

The Operating Companies collectively own and manage circa 50,000 hectares of
mature land across seven countries (Bangladesh, Brazil, India, Kenya, Malawi,
South Africa, and Tanzania).

The majority of the Group's revenue is derived from the growing of tea,
avocado, macadamia, rubber, wine grapes, blueberries, arable crops, forestry
and livestock. The Operating Companies have well-established and
industrial-scale operations, with reputations for high-quality products.

 

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