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Last checked at 
25 Aug 2011 07:00
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Issued by Citigate Dewe Rogerson Ltd, Birmingham
Date: Thursday, 25 August 2011
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The Character Group plc
(the "Company")
Property Sale Completed
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The Company has completed the sale of its office building in Teddington which became surplus to its current requirements when it was able to purchase the freehold of its New Malden head office premises as announced on 19 May 2011.
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The original purchase of the Teddington property was made by Downpace Limited, a non-trading wholly owned subsidiary of the Company. The sale of the property was effected by the sale of Downpace Limited whose sole asset was the premises.
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As there were no specific facilities utilised to make the purchase of the Teddington property, the entire proceeds attributable to the transaction of approximately Β£1 million, which equates to the total costs of the purchase, have been returned to Group funds.
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Enquiries: | ||
Richard King, Chairman | Russell Cook | |
Kiran Shah, Group Finance Director & Joint MD | Fiona Tooley/Keith Gabriel | Carl Holmes |
The Character Group plc | Citigate Dewe Rogerson | Charles Stanley Securities |
Tel: +44 (0)208 329 3377 | Tel: +44 (0)121 362 4035 | (Nominated Adviser) |
www.thecharacter.com | Tel: +44 (0)207 149 6000 | |
Ticker: AIM: CCT |
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