REG - Robinson PLC - Surplus Property Update

RobinsonAnnouncement

06/10/2025 08:45

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RNS Number : 1823C  Robinson PLC  06 October 2025

 

Robinson
plc

6 October 2025

 

SURPLUS PROPERTY UPDATE

 

Robinson plc ("Robinson", the "Company" or the "Group"; stock code: RBN), the
custom manufacturer of plastic and paperboard packaging, is pleased to provide
an update on the status of the divestment of the Company's surplus properties.

 

In line with our Surplus Property Update on 7 August 2025, the Company is
pleased to announce the sale of Cannon Mill, which is part of the Wheatbridge
site and one of the three properties previously referred to as sold
subject-to-contract. Cannon Mill has been sold to Middleton Structures Limited
with exchange occurring on 3 October 2025 and completion expected on 30
January 2026, subject to cash being received.

 

The consideration payable at completion is £135,000 and Robinson will incur
£20,000 in costs. The net cash proceeds of £115,000 will be used to reduce
current bank debt. The property is currently vacant, and the book value was
£71,615 as at 31 December 2024.

 

The intention of the Group remains, over time, to realise value from the
disposal of surplus properties and use the proceeds to reduce indebtedness and
develop our packaging business.

 

For further information, please contact:

 

 Robinson plc                                   www.robinsonpackaging.com (http://www.robinsonpackaging.com)
 John Melia, CEO                                Tel: 01246 389280

 Mike Cusick, CFO

 Cavendish Capital Markets Limited
 Ed Frisby / Seamus Fricker, Corporate Finance  Tel: 020 7220 0500

 Tim Redfern, Corporate Broking

 

About Robinson:

 

Being a purpose-led business, Robinson specialises in custom packaging with
technical and value-added solutions for food and consumer product hygiene,
safety, protection, and convenience; going above and beyond to create a
sustainable future for our people and our planet. Its main activity is in
injection and blow moulded plastic packaging and rigid paperboard luxury
packaging, operating within the food and beverage, homecare, personal care and
beauty, and luxury gift sectors. Robinson provides products and services to
major players in the fast-moving consumer goods market including Procter &
Gamble, Reckitt Benckiser, SC Johnson and Unilever.

 

Headquartered in Chesterfield, UK, Robinson has plants in the UK, Poland and
Denmark. Robinson was formerly a family business with its origins dating back
to 1839, currently employing nearly 400 people. The Group has an ongoing
disposal programme for its substantial property portfolio with development
potential.

 

 

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