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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Portmeirion Group Plc | LSE:PMP | London | Ordinary Share | GB0006957293 | ORD 5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-4.00 | -1.64% | 240.00 | 232.00 | 248.00 | 244.00 | 232.00 | 244.00 | 67,610 | 13:33:49 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Misc Homefurnishings Stores | 111.09M | 5.56M | 0.4037 | 5.95 | 33.02M |
TIDMPMP
RNS Number : 0101R
Portmeirion Group PLC
25 February 2019
25th February 2019
PORTMEIRION GROUP PLC
('Portmeirion' or 'the Group')
Acquisition of additional equity in Furlong Mills
Portmeirion, the manufacturer and worldwide distributor of high quality homewares, has acquired further ordinary shares in Furlong Mills Limited ('Furlong Mills') from Dudson (Holdings) Limited, for a total consideration of GBP363,000. This has been funded from the Group's existing cash resources. The shares acquired constitute 7.5% of the issued share capital of Furlong Mills. The resultant holding following this transaction is 44.4%. Furlong Mills will continue to be accounted for as an associated undertaking in the Group's accounts.
Furlong Mills is an important part of the Group's supply chain providing ceramic materials for the manufacture of earthenware pottery in its Stoke-on-Trent factory. The Group will continue to play an active role in the management of Furlong Mills.
In the last audited accounts of Furlong Mills (to 31 December 2017), revenue was GBP8.6 million and profit before tax was GBP0.5 million. Net assets at 31 December 2017 were GBP4.9 million.
Enquiries:
Portmeirion Group PLC: Dick Steele, +44 (0) 1782 steele_clan@msn.com Non-executive Chairman 744721 Mike Raybould, +44 (0) 1782 mraybould@portmeiriongroup.com Group Finance Director 744721 Hudson Sandler: Dan de Belder +44 (0) 207 796 ddebelder@hudsonsandler.com Nick Moore 4133 nmoore@hudsonsandler.com Panmure Gordon: (Nominated Adviser and +44 (0) 207 886 Broker) 2500 Freddy Crossley / Joanna Corporate Finance Langley James Stearns Corporate Broking Cantor Fitzgerald Europe: +44 (0) 207 894 (Joint Broker) 7000 Phil Davies / Rick Thompson Corporate Finance Caspar Shand Kydd Sales
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
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(END) Dow Jones Newswires
February 25, 2019 06:00 ET (11:00 GMT)
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