Portmeirion Regulatory News (PMP)

5 Jul 2005 16:44

Portmeirion Group PLC05 July 2005 PORTMEIRION GROUP PLC SITE DISPOSAL Portmeirion Group PLC has previously referred to the consolidation of itsmanufacturing operations from two sites onto one to improve efficiency andreduce costs while maintaining current production levels. The Group is pleasedto announce that, following the successful completion of this project, the saleof the redundant manufacturing site has now been completed. The 1.9 acre site,situated in Longton, Stoke-on-Trent, together with buildings and equipment notrequired for ongoing manufacturing was sold for £700,000 in cash. The sale willresult in an exceptional gain of approximately £200,000. For further information please contact: Arthur Ralley, ChairmanBrett Phillips, Group Finance DirectorTel: (01782) 744721 This information is provided by RNS The company news service from the London Stock Exchange