Business
Property Sale Completed
Property Sale Completed.
About this update from Character Group Plc
[{"type":"text","content":"\n \nRNS Number : 9895M Character Group PLC 25 August 2011 \n \n\n \nIssued by Citigate Dewe Rogerson Ltd, Birmingham\nDate: Thursday, 25 August 2011\n \n \n \nThe Character Group plc\n(the \"Company\")\nProperty Sale Completed\n \n \n \nThe 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.\n \nThe 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.\n \nAs there were no specific facilities utilised to make the purchase of the Teddington property, the entire proceeds attributable to the transaction of approximately £1 million, which equates to the total costs of the purchase, have been returned to Group funds.\n \n \n \n \n \n\n\n\n\nEnquiries:\n\n\n\n\n\n\n\n\n\n\nRichard King, Chairman\n\n\n\n\n\nRussell Cook \n\n\n\n\nKiran Shah, Group Finance Director & Joint MD\n\n\nFiona Tooley/Keith Gabriel\n\n\nCarl Holmes\n\n\n\n\nThe Character Group plc\n\n\nCitigate Dewe Rogerson\n\n\nCharles Stanley Securities\n\n\n\n\nTel: +44 (0)208 329 3377\n\n\nTel: +44 (0)121 362 4035\n\n\n(Nominated Adviser)\n\n\n\n\nwww.thecharacter.com\n\n\n\n\n\nTel: +44 (0)207 149 6000\n\n\n\n\nTicker: AIM: CCT\n\n\n\n\n\n\n\n\n\n\n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END DISDKQDBABKDOFB \n ","length":4995,"tagName":"div"}]