Business
Purchase of Warehouse
Purchase of Warehouse.
About this update from Portmeirion Group Plc
[{"type":"text","content":"\n \nRNS Number : 1274J Portmeirion Group PLC 11 July 2013 \n \n\nPortmeirion Group PLC \n(\"Portmeirion\")\n(the \"Group\")\n \nPurchase of warehouse\n \n \n11 July 2013\n \nPortmeirion, the AIM listed manufacturer and worldwide distributor of high quality homewares, is pleased to announce that it has acquired the long leasehold interest, to expire in May 2156, of a 64,000 sq. ft. warehouse and offices, which it currently occupies, located in Stoke-on-Trent for £3.9 million to be paid from existing cash resources. Until now the Group had leased the building for £306,000 per year; the Directors believe the acquisition will benefit the Group's pre-tax profit by £220,000 per year. \n \n \nENQUIRIES:\n \n\n\n\n\nPortmeirion Group PLC: \n\n\n\n\nDick Steele \nNon-executive Chairman \n\n\n+44 (0) 1782 744 721 \n\n\[email protected] \n\n\n\n\nBrett Phillips \nGroup Finance Director \n\n\n+44 (0) 1782 744 721 \n\n\[email protected] \n\n\n\n\n\n\n\n\n\n\n\n\nPanmure Gordon (Nominated Adviser and Broker)\n\n\n+44 (0) 207 886 2500\n\n\n\n\n\n\n\nFreddy Crossley / Nicola Marrin\n\n\n\n\n\nCorporate Finance\n\n\n\n\nAdam Pollock / Victoria Boxall \n\n\n\n\n\nCorporate Broking\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nPelham Bell Pottinger\n\n\n\n\n\n\n\n\n\n\nDan de Belder\n\n\n+44 (0) 207 861 3881\n\n\[email protected]\n\n\n\n\nJulia Hanrahan \n\n\n+44 (0) 207 861 3982\n\n\[email protected]\n\n\n\n\n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCGGUQCMUPWGGG\n ","length":5561,"tagName":"div"}]