6th Aug 2014 07:00
6 August 2014
The Stanley Gibbons Group plc
("Stanley Gibbons" or the "Company")
Sale of Adelphi Terrace
One of the anticipated benefits of the acquisition Noble Investments (UK) plc was the ability of the Company to rationalise the property portfolio of the combined businesses, improving operating efficiencies across the enlarged group.
The Board of Stanley Gibbons is pleased to announce that contracts were exchanged on Monday 4 August 2014 for the sale of its freehold property at 11 Adelphi Terrace, London for a consideration of £4.5 million. Completion is scheduled to take place on or before 17 November 2014 by which time the Baldwin's team will have completed their move from Adelphi Terrace into 399 Strand, London thereby integrating all of our specialist collectibles trading and auctions divisions in the same location.
Enquiries: | |
The Stanley Gibbons Group plc Michael Hall - Chief Executive www.stanleygibbons.com
| Tel: +44 (0) 1534 766711 |
Peel Hunt LLP, Nomad / Broker Dan Webster/ Matthew Armitt/Richard Brown
| Tel: +44 (0) 20 7418 8900 |
Tavistock Communications John West/Teresa Towner | Tel: +44 (0) 20 7920 3150 |
Related Shares:
SGI.L