REG - Cropper(James) PLC - €1.75m sale of non-core IP assets

James CropperAnnouncement

01/05/2025 09:15

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RNS Number : 0277H  Cropper(James) PLC  01 May 2025

1 May 2025

James Cropper plc

("James Cropper", the "Company" or the "Group")

€1.75m sale of non-core intellectual property assets

 

James Cropper (AIM: CRPR), the Advanced Materials and Paper & Packaging
group, is pleased to announce that it has entered into an agreement for the
sale of certain non-core intellectual property assets associated with a
manufacturing process ("Assets") developed by the Company's Centre for
Innovation.

The Assets have been sold to an unconnected buyer operating in the engineering
sector for an initial cash consideration of €1.75m, together with deferred
cash consideration of up to a further €250,000 which is payable should a
patent be granted in respect of the Assets by the European Patent Office
before 31 December 2030.

As part of the agreement, James Cropper retains the ability to receive cash
royalties, calculated as a proportion of revenues generated by projects to
deploy the Assets in the paper, pulp, board and tissue industries over the
next nine years (capped at €2.2m in aggregate).

The Assets will remain available to James Cropper without fee under licence
for the purposes of any required application at its own manufacturing sites.

David Stirling, Chief Executive Officer, commented:

"I am delighted that we have been able to generate and realise significant
value through the development of technology within our Centre for Innovation
which will be used to invest in the Group's growth strategy. The agreed
transaction enables us to retain the benefit of these non-core developments,
together with the potential to generate further income over the next nine
years."

 

-ENDS-

 

Enquiries:

 

 James Cropper plc                                         Tel: +44(0)1539 722002

 David Stirling, Chief Executive Officer

 Andrew Goody, Chief Financial and Operations Officer

 Shore Capital - Nominated Adviser and Broker              Tel: +44 (0)207 408 4090

 Daniel Bush, David Coaten, Henry Willcocks, Lucy Bowden

 IFC Advisory - Financial PR                               Tel: +44 (0) 203 934 6630

 Graham Herring, Tim Metcalfe, Zach Cohen                  james.cropper@investor-focus.co.uk

 

Notes for editors:

 

James Cropper is a market leader in Advanced Materials and Paper &
Packaging, centred around four market audiences: Energy Solutions, Composite
Solutions, Luxury Packaging and Creative Papers.

 

A purpose-led business, built upon six generations of the Cropper family,
James Cropper has a 600+ international workforce and an operational reach in
over 50 countries.

 

Established in 1845, the Group manufactures creative papers, luxury packaging
and advanced materials incorporating pioneering non-wovens and electrochemical
coatings.

 

James Cropper is a specialist provider of niche solutions tailored to a unique
customer specification, ranging from substrates and components in hydrogen
electrolysis and fuel cells to bespoke colours and textures in paper and
moulded fibre packaging designed to replace single use plastics.

 

The Group operates across multiple markets from luxury retail to renewable
energy. It is renowned globally for service, capability, pioneering and multi
award-winning commitment to the highest standards of sustainability.

 

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