4th Jul 2006 07:01
Sherwood Group PLC04 July 2006 Intimas Group plc(Formerly Sherwood Group plc) Intimas Group plc ("Intimas" or "the Group") is a designer and supplier ofladies' intimate apparel, with a portfolio of brands comprising Lepel, MissLepel, Ted Baker Intimates, Discover Mademoiselle, Urban Nights and CharnosLingerie. The Intimas Group plc has completed the sale of its Borrowash property to DavidWilson Homes for a cash consideration of £3.87m. The elimination of variousplanning issues and covenants associated with the property has enabled theproceeds to be improved above the minimum expectations reported in the 2005Report & Accounts. The funds will be used to support the Intimas strategy forgrowth in ladies' intimate apparel. An exceptional profit of approximately £1.75m will be generated by the sale. 4 July 2006 ENQUIRIES: Intimas Group plc Tel: 0115 983 6000Michael Hobbs, ChairmanCarol Duncumb, Chief ExecutiveLaurence Ford, Finance Director College Hill Tel: 020 7457 2020Gareth David This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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