Site Disposal

Portmeirion Group PLC 12 January 2007 Portmeirion Group PLC ('Portmeirion' or the 'Group') Site Disposal In its last interim statement Portmeirion referred to a significant freehold site which will be vacated during the first half of 2007 after the new warehouse, which is currently being fitted out, is commissioned. The Group is pleased to announce that the sale of this freehold site has been completed today. The 4.8 acre site, situated in Stoke-on-Trent, together with buildings and equipment not required by the Group, was sold for £2,175,000 in cash. The sale will result in an exceptional gain of approximately £1,700,000. Portmeirion will continue to occupy the site at a peppercorn rent until vacating it later in the first half of 2007. 12th January 2007 Enquiries: Arthur Ralley, Chairman 01782 744721 Brett Phillips, Group Finance Director 01782 744721 This information is provided by RNS The company news service from the London Stock Exchange
UK 100

Latest directors dealings