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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Walker Greenbank Plc | LSE:WGB | London | Ordinary Share | GB0003061511 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 76.00 | 74.00 | 78.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMWGB
RNS Number : 7858C
Walker Greenbank PLC
20 April 2017
For immediate release 20 April 2017
WALKER GREENBANK PLC
("Walker Greenbank" or the "Company")
Interim Insurance Payment
Walker Greenbank PLC (AIM: WGB), the luxury interior furnishings group, announces that it has received a further interim insurance payment of GBP1.5 million following the flood in December 2015 at Standfast & Barracks, the Company's fabric printing factory in Lancaster.
In total, GBP16.9 million of flood-related insurance payments have now been received by the Company in respect of damage to business assets and loss of profits.
With the factory having been back in full production for some time and the Company's Milton Keynes warehouse being fully stocked with printed textiles, the Company will be seeking to negotiate a final settlement of the insurance claim with its insurers. It is expected that a settlement will be agreed during the first half of the current financial year.
For further information:
+44 (0) 844 543 Walker Greenbank PLC 4668 John Sach, Chief Executive Mike Gant, Chief Financial Officer Caroline Geary, Company Secretary Investec Bank plc (Nominated Adviser +44 (0) 20 7597 and Broker) 5970 Garry Levin / David Anderson / Alex Wright - Corporate Finance Henry Reast - Corporate Broking +44 (0) 20 7466 Buchanan 5000 Mark Court / Sophie Cowles / Catriona Flint
Notes for editors:
About Walker Greenbank
Walker 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.
Walker Greenbank's brands include Sanderson, Morris & Co, Harlequin, Zoffany, Scion and Anthology. The brand portfolio was extended with the acquisition of the Clarke & Clarke and Studio G brands in October 2016.
The Company has a strong UK manufacturing base comprising a wallpaper factory in Loughborough and a fabric printing factory in Lancaster. Both factories manufacture for the Company and for other wallpaper and fabric brands.
Walker Greenbank employs more than 600 people and its products are sold in more than 85 countries worldwide. It has showrooms in London, New York, Paris, Amsterdam and Dubai along with partnership showrooms in Moscow and in Shenzhen, China.
Walker Greenbank trades on the AIM market of the London Stock Exchange under the ticker symbol WGB.
For further information please visit: www.walkergreenbank.com/
This information is provided by RNS
The company news service from the London Stock Exchange
END
UPDUKUNRBVASAAR
(END) Dow Jones Newswires
April 20, 2017 02:00 ET (06:00 GMT)
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