Business
Update re Anstey Wallpaper Company
Update re Anstey Wallpaper Company.
About this update from Sanderson Design Group Plc
[{"type":"text","content":"\n \nRNS Number : 9089A Walker Greenbank PLC 04 January 2018 \n\n\n\n\n\nFor immediate release \n\n\n4 January 2018\n\n\n\n\n \n \nWALKER GREENBANK PLC\n(\"Walker Greenbank\" or the \"Company\")\n \nUpdate re Anstey Wallpaper Company \n \n \nWalker Greenbank PLC (AIM: WGB), the luxury interior furnishings group, provides an update following the announcement on 6 December 2017 regarding a machine fire at the Company's Loughborough wallpaper factory, Anstey Wallpaper Company.\n \nThe manufacturer of the fire-damaged embossing machine has been progressing its repair and the machine is expected to be back in production during the first quarter of the Company's new financial year ending 31 January 2019. The embossing machine is one of six production lines at the factory; the other five lines were unaffected by the fire. Orders that were planned to be printed on the machine will now be delayed into the new financial year.\n \nAs previously announced, the maximum potential impact on profitability in the current financial year is expected to be less than £0.5m. \n \nThe repair to the embossing machine, and fire damage to a small amount of stock, is covered by the Company's comprehensive insurance policy.\n \n \nFor further information:\n \n\n\n\n\nWalker Greenbank PLC\n\n\n+44 (0) 844 543 4668\n\n\n\n\nJohn Sach, Chief Executive\nMike Gant, Chief Financial Officer \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nInvestec Bank plc (Nominated Adviser and Broker)\n\n\n+44 (0) 20 7597 5970\n\n\n\n\nGarry Levin / David Anderson / Alex Wright - Corporate Finance\n\n\n\n\n\n\n\nHenry Reast - Corporate Broking\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nBuchanan \n\n\n+44 (0) 20 7466 5000\n\n\n\n\nMark Court / Sophie Wills / Catriona Flint\n\n\n\n\n\n\n\n \nNotes for editors:\n \nAbout Walker Greenbank\n \nWalker Greenbank PLC is a luxury interior furnishings company that designs, manufactures and markets wallpapers, fabrics and paints. In addition, the Company derives significant licensing income from the use of its designs on a wide range of interior products such as bed linen, rugs and tableware.\n \nWalker Greenbank's brands include Sanderson, Morris & Co, Harlequin, Zoffany, Scion and Anthology. The brand portfolio was extended with the acquisition of the Clark...