Licence extension and Property completion

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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