Business
Artwork Sale and Update on Indian Tea Estate MOU
Camellia PLC has announced the sale of artwork for £3.7 million, generating a profit of £3.6 million, which will fund its Value Enhancement Plan and increase investment in higher-return assets. Additionally, the company noted that its 74% owned Indian subsidiary, Goodricke Group Limited, has terminated a memorandum of understanding regarding the proposed sale of its Barnesbeg Tea Estate. Disclaimer*
About this update from Camellia Plc
[{"type":"text","content":"\n\n1 April 2026\nCamellia Plc\n('Camellia', the 'Company')\nSale of Artwork\nUpdate on Indian Tea Estate MOU\n \nCamellia is pleased to announce the recent sale of some of the Company's artwork has realised proceeds of £3.7 million, with a profit of £3.6 million. The proceeds from this will support the Company's Value Enhancement Plan, which includes increasing investment into higher-return operating assets to generate long-term growth in shareholder value.\nThe Company also notes the announcement by Goodricke Group Limited (a 74% owned Indian subsidiary of Camellia) on 1 April 2026 to the Bombay Stock Exchange, of the termination of the memorandum of understanding (announced by the Company on 23 Feburary 2026) in connection with the proposed sale of its Barnesbeg Tea Estate.\nThis announcement contains inside information under Article 7 of the Market Abuse Regulation (EU) No. 596/2014, as part of UK domestic law via the European Union (Withdrawal) Act 2018.\n \nEnquiries:\nCamellia Plc 01622 746655 / [email protected]\nByron Coombs, Chief Executive\nOliver Capon, Chief Financial Officer \nPanmure Liberum (Nominated Adviser and Broker) 020 7886 2500 \nEmma Earl / Will Goode\nRupert Dearden \nEquitory Limited (Investor Relations) 07909918034\nCatherine Miles\nH/Advisers Maitland (Financial PR) 07785 292617 \nWilliam Clutterbuck ...