REG - Character Group PLC - Licence extension and Property completion

CharacterAnnouncement

29/01/2021 14:10

RNS Number : 4145N
  
Character Group PLC
  
29 January 2021
  
 

 
 
The information contained within this announcement is deemed by the Company to constitute inside information stipulated under the Market Abuse Regulation (EU) No. 596/2014.  Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.
 
 
LONDON: Friday, 29 January 2021
 
 
THE CHARACTER GROUP PLC
("Character", "Company", "Group")
Designers, developers and international distributor of toys, games and giftware
 
Contracts signed to extend Peppa Pig licence
and
Completion of sale of property
 
 
Peppa Pig licence extension 
The Board of Character (AIM: symbol: CCT.L) is delighted to report that, as contemplated in the Group's announcement on 10 December 2020, agreement has been reached and contracts signed with the brand owner, Hasbro, to continue the Group's current Peppa Pig wood products licence through to 31 December 2023 and to significantly extend the product range under that licence. As previously reported, the new toy product categories to be added to this licence include basic plush, eco plush, feature plush, activity toys and a nursery product range.
 
Completion of sale of property
The Board is also pleased to confirm that the sale of the freehold to the Group's over-spill warehouse premises at Vernon Works, Oldham in Lancashire was completed today and the receipt, in full of the purchase price of £3.5 million (plus VAT) in cash was received.
 
 









The Character Group plc
FTSE sector: leisure goods: 
FTSE AIM All-share: symbol: CCT
Market cap: £90m 
Email:  info@charactergroup.plc.uk 




Group website: www.thecharacter.com
Product ranges can also be viewed at www.character-online.co.uk



 



Enquiries to:
The Character Group plc
Jon Diver, Joint Managing Director 
Kiran Shah, Joint Managing Director & Group Finance Director




Office:  +44 (0) 208 329 3377
Mobile: +44 (0) 7831 802219 (JD)
Mobile: +44 (0) 7956 278522 (KS)










Panmure Gordon 
(Nominated Adviser and Joint Broker)
Atholl Tweedie, Investment Banking
Charles Leigh-Pemberton, Corporate Broking
Rupert Dearden, Corporate Broking
Tel:  +44 (0) 20 7886 2500










Allenby Capital Limited (Joint Broker)
Nick Athanas, Corporate Finance
Amrit Nahal, Sales & Corporate Broking
Tel:  +44 (0) 20 3328 5656


















TooleyStreet Communications Limited 
(Investor and media relations)
Fiona Tooley
Tel:  +44 (0) 7785 703523
Email: fiona@tooleystreet.com 
 



 

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