REG - Character Group PLC - Purchase of new warehouse premises
RNS Number : 4637PCharacter Group PLC17 February 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: Wednesday, 17 February 2021
THE CHARACTER GROUP PLC
("Character", "Company", "Group")
Designers, developers and international distributor of toys, games and giftware
Purchase of new warehouse premises
The Board of Character (AIM symbol: CCT) is pleased to report that, following a simultaneous exchange of contracts and completion, the Group has today acquired a warehouse and office complex at Townley Street, Middleton in Lancashire at a price of £5m (excluding VAT). These premises, which are located within 6 miles of the Company's main operational base in Oldham, provide a total of approximately 157,000 sq. ft. of warehouse, office and ancillary accommodation/facilities and are positioned on a plot of approximately 7.44 acres. It will serve as an over-spill warehousing facility for the Group's UK operations, after some updating and fitting out to suit the Group's operating systems and processes.
The Character Group plc
FTSE sector: leisure goods:
FTSE AIM All-share: symbol: CCT
Market cap: £93.8m
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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