Stanley Gibbons Group PLC Sale of Adelphi Terrace (3444O)

TIDMSGI

RNS Number : 3444O

Stanley Gibbons Group PLC

06 August 2014

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 GBP4.5 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                            Tel: +44 (0) 1534 
  Michael Hall - Chief Executive www.stanleygibbons.com    766711 
 Peel Hunt LLP, Nomad / Broker                            Tel: +44 (0) 20 
  Dan Webster/ Matthew Armitt/Richard Brown                7418 8900 
 Tavistock Communications                                 Tel: +44 (0) 20 
  John West/Teresa Towner                                  7920 3150

This information is provided by RNS

The company news service from the London Stock Exchange

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