Source - LSE Regulatory
RNS Number : 4258W
Character Group PLC
12 December 2023
 

The information contained within this announcement is deemed by the Company to constitute inside information stipulated under the Market Abuse Regulation (EU) No. 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018. Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.

 

 

Text Description automatically generated

 

 

THE CHARACTER GROUP PLC

("Character", the "Company")

Designers, developers and international distributor of toys, games, and giftware

                                                               Annual results for the year ended 31 August 2023


“Results in line with market expectations”

 

EXECUTIVE REVIEW

 

KEY PERFORMANCE INDICATORS


12 months ended

31 August 2023

12 months ended

31 August 2022

Revenue

£122.6m

£176.4m

Operating profit before highlighted items *

£5.3m

£11.4m




Profit before tax before highlighted items *

£5.2m

£11.3m




Statutory profit before tax

£4.7m

£11.4m


 


EBITDA

(earnings before interest, tax, depreciation and amortisation), before highlighted items

£8.9m

£14.2m

Basic earnings per share before highlighted items*

20.15p

45.73p

Diluted earnings per share before highlighted items*

20.00p

44.77p


 


Basic earnings per share after highlighted items

18.08p

46.37p

Diluted earnings per share after highlighted items

17.95p

45.39p


 


Dividends declared per share for the year

19.0p

17.0p


 


Net assets

£39.4m

£38.9m

Net cash

£9.6m

£20.0m


 


*Excludes: Mark to market (loss)/profit adjustments on FX derivative positions

 


£(0.5m)

£0.2m

 

 

BUSINESS HIGHLIGHTS

·     The resilience of the business to bounce back with an anticipated stronger second half performance was greatly assisted by the overall quality and depth of our product portfolio delivering an overall gross margin uplift and a profit before tax and highlighted items of £5.2m

·     Our enlarged merchandise portfolio, features exciting and strong new toy product releases and brand extensions including:

·     Goo Jit Zu, Chill Factor, Teenage Mutant Ninja Turtles, Fingerlings, Lankey Box and Aphmau - other new ranges to be launched at the 2024 London Toy Fair

·     Whilst the UK and Irish domestic markets will always remain critical to Character, the Board recognises that opportunities for significant sales and profit growth lie in further developing the Group's international markets

·     Character Group continues to have a strong product offering, a robust balance sheet, with a net cash position cash and considerable unutilised working capital facilities in place 

·     Despite a challenging macro-economic environment, the business continues to trade satisfactorily, therefore  we expect to increase sales and profitability for the current financial year as a whole, relative to FY 2023

 

 

 

INTRODUCTION

In May 2023 we reported that, although the first half of the financial year had been disappointing owing to the challenging trading conditions, we expected the second half to deliver a significant improvement in the Group's revenue and profitability.  We are therefore pleased to report that the anticipated stronger H2 performance, with revenues up on H1 outturn by 12%, has enabled the Group to deliver profit before tax and highlighted items in line with market expectations.

 

We acknowledge that many of the challenging conditions, such as the reduction in consumer spending and cost of living crisis, affected the Group's trading performance throughout the year and continue to impact the retail environment.  Whist this has truly tested the strength of the Character proposition, we are pleased that the overall result endorsed the approach of our management.

 

The resilience of the business to bounce back with a strong second half performance was greatly assisted by the overall quality and depth of our product portfolio delivering an overall gross margin uplift and a profit before tax and highlighted items of £5.2m.

 

OPERATIONAL PERFORMANCE

Group revenue in the year ended 31 August 2023 was £122.6m, against £176.4m in the comparable 2022 period.

 

The gross profit margin was 26.7% (FY 2022: 23.4%).  On an absolute basis, gross profit reported is £32.8m compared to £41.4m for the previous year.  The profit before tax and highlighted item was £5.2m (2022: £11.3m).

 

A significant proportion of the Group's purchases are made in US dollars; therefore the business is exposed to foreign currency fluctuations.  It manages the associated risk through the purchase of forward exchange contracts and derivative financial instruments.  Under International Financial Reporting Standards (IFRS), at the end of each reporting period the Group is required to make an adjustment in its financial statements to incorporate a "mark to market" valuation of such financial instruments.  The "mark to market" adjustment for this financial period results in a notional loss of £0.5m.  This compares to a corresponding notional profit of £0.2m reported in the year to 31 August 2022.  These "mark to market" adjustments are non-cash items calculated by reference to unpredictable and sometimes volatile currency spot rates at the relevant balance sheet dates.  To present the results on a "normal" basis, these "mark to market" profit adjustments on FX derivative positions are excluded, although shown separately as "highlighted items" to demonstrate the "underlying" position.

 

The Group is reporting a profit before tax in the period, after highlighted items, of £4.7m (FY 2022: £11.4m).  Underlying earnings before interest, tax, depreciation and amortisation were £8.9m (FY 2022: £14.2m).

 

Underlying basic earnings per share before highlighted items amounted to 20.15p (FY 2022: 45.73p).  Diluted earnings per share, on the same basis, were 20.0p (FY 2022: 44.77p).

 

Basic earnings per share after highlighted items were 18.08p (FY 2022: 46.37p).  Diluted earnings per share, on the same basis, were 17.95p (FY 2022: 45.39p).

 

FINANCIAL POSITION, WORKING CAPITAL & CASH FLOW

The Group's net assets at 31 August 2023 totalled £39.4m (31 August 2022: £38.9m).

 

Inventories were c.£ 8.2m lower at the end of the financial period at £18.0m (31 August 2022: £26.2m).

 

During the period, the Group generated cash from operations of £0.1m (FY 2022: £4.2m).  Net interest charges on short-term use of working capital facilities during the year amounted to £0.1m (FY 2022: £0.2m).

 

At the end of the financial year, the Group had a net cash position of £9.6m, compared to £20.0m at the end of the 2022 comparative period.

 

DIVIDEND

The Directors will be recommending to shareholders a final dividend of 11.0p (H2 2022: 10.0p per share).  This, together with the interim dividend of 8.0p per share paid in July 2023, will bring the total dividend for the year to 19.0p per share (FY 2022: 17.0p), an increase of c.12%.  The total dividend is covered approximately 1.1 times by underlying annual earnings (2022: 2.7 times).

 

Subject to approval by shareholders at the Annual General Meeting ("AGM") which is scheduled to be held at 11am on Friday, 19 January 2024, the following distribution timetable will apply:

 

Event

Date

Ex-dividend date

11 January 2024

Record date

12 January 2024

Payment date

26 January 2024

 

 

OUR PRODUCT PORTFOLIO

The second half rebound was supported by the roll out of our enlarged 2023 spring/summer merchandise portfolio, featuring some exciting and strong new toy product releases and brand extensions: Goo Jit Zu, Chill Factor, Teenage Mutant Ninja Turtles, Fingerlings, Lankey Box and Aphmau.

 

The Group continues to develop its own products which allows it to access international markets and is not merely dependent on distribution within our original domestic markets in the UK and Ireland.

 

Once again Character's products featured in the official 2023 Toy Retailers Association Dream listing.  Selected by an independent panel of toy retailers and toy experts the annual DreamToys bills itself as the most authoritative prediction of what are expected to be the hottest new toys on the high street this festive season.

 

We are delighted to have achieved triple success from our portfolio in the Top 20 with:

·          Teenage Mutant Ninja Turtles Pizza Fire Van

·          Fingerlings Monkey ASST

·          MINTiD Dog-E

 

The Group is launching several new product ranges at the London Toy Fair in January 2024 and the customer reactions to previews so far have been very encouraging.

 

The Group's current portfolio of products and brands can be viewed at www.character-online.com.

 

PROXY

The Scandinavian markets have been subjected to very similar conditions to our domestic market in the UK and the weakness of the Swedish Krona against the US Dollar in particular resulted in the Swedish Krona reaching all-time lows in currency markets.  Despite this, Proxy contributed to the Group's profit that was generated in the second half of the financial year.

 

The integration of Proxy into the Group has been continuing with the alignment of processes and procedures being achieved during the  year under review.

 

Proxy's existing stable of hero products, Pokémon (from Jazwares) and the extensive range of Funko collectable Pop! figurines, have all sold well during the year.  These solid brands are being augmented as we move into 2024 by the addition of:

 

·          Topps Trading Cards  - based on the 2024 UEFA European Football Championship; and

·          Littlest Pet Shop - a well-known collectible toy brand in Scandinavia

 

This should enable Proxy to continue to increase its turnover.

 

SHARE BUY-BACK PROGRAMME

In the period under review, no ordinary shares in the Company were acquired in exercise of the authority granted at the AGM in January 2023, which authority will expire at the 2024 AGM.

 

It remains part of the Group's overall strategy to continue to repurchase the Company's own shares, when considered appropriate.  The Board believes that it is in the Company's and investors' interests to provide shareholders who wish to realise part or all of their investment in the Company with an opportunity to access liquidity that is not otherwise available in the market and to return excess capital to shareholders.  Therefore, the Board will be seeking a new authority to buy back up to 2,890,000 ordinary shares (representing  approximately 15% of the total voting rights in the Company) at the 2024 AGM.  This authority will also allow the Company to implement buybacks either by way of an announced buyback programme or by way of tenders for its issued shares.  Details of any intention to exercise this authority will be announced and any tender proposal(s) will be fully communicated to shareholders if and when the Board chooses  to implement such arrangements.

 

TOTAL VOTING RIGHTS

As at today's date, the Company has 21,465,929 ordinary shares in issue, excluding shares held in treasury.  The Company holds 2,100,159 ordinary shares in treasury, representing approximately 9.8 per cent. of the issued share capital.  These treasury shares do not carry voting or dividend rights.  Therefore, the total number of voting rights in the Company is 19,365,770.  This figure of 19,365,770 may be used by shareholders as the denominator for the calculations by which they may determine if they are required to notify their interest, or change to their notified interest, in the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

 

OUR PEOPLE

The Group employs approximately 209 permanent staff across its locations in the UK, Scandinavia and Asia (FY 2022: 216), supplemented by additional seasonal labour at its warehouses in Oldham, Lancashire during peak demand periods.  The longevity of staff employment with the Group, many with over 15 years' service, demonstrates the bond and loyalty that many of them feel towards their colleagues and the business as a whole. 

 

On behalf of our shareholders, the Board pays tribute to and thanks all our personnel for their dedication and hard work in delivering these results and for their continued support.

 

THE BOARD

The Company yesterday received and accepted Richard King's notice of his intention to step down as the Company's Chairman and to retire from the Board at the commencement of the 2024 AGM and, therefore, not to offer himself for re-election.

 

Richard's management and leadership skills and entrepreneurial flair were critical to the Group's fledgling business back at the time of its formation in 1991.  He, together with the other founding Directors, quickly forged a place and reputation for the Group in the toy market and the respect of many of the industry doyens, of which, in time, he became one himself.  This coupled with his ability to identify, recruit, develop, promote and incentivise raw talent had a considerable impact on the growth trajectory and strategy of the Group.  The industry's recognition of the Group's achievements over the years culminated in a lifetime achievement award being bestowed in 2016 on Richard King.  Although Richard will always emphasise the team effort that was recognised by that award, there is little doubt that his leadership and drive motivated and directed the efforts of that team in the formative stages of the Group's history.

 

Whilst we are sad to see him depart from formal ties with the Group, Richard has accepted the Company's offer of an appointment to the new office within the Company as an "Honorary Adviser."  This will not be a Board position.  It will not give Richard the burden of responsibility of voting on matters along with Board members and Richard has required that it can only be accepted by him as an unpaid role.  We are pleased that Richard has accepted this role and that we will, accordingly, be assured of being granted continued access to his wisdom and advice.

 

I am sure all shareholders will join me in thanking Richard for his energy, leadership and friendship.  We wish him well and whilst we hope that he enjoys his formal retirement we look forward to collaborating with him in his advisory capacity over the coming years.

 

The Board is delighted to announce that, after due and careful consideration, it has unanimously resolved that when Mr King retires during the 2024 AGM, Carmel Warren (a non-executive Director of the Company) will, subject to being re-elected at the 2024 AGM, succeed Richard as the Company Chair.  Mrs Warren was appointed to the Board in April 2021 and is Chair of the Audit Committee and a member of each of the Remuneration and Nominations Committees.

 

THE 2024 ANNUAL GENERAL MEETING (AGM)

The Company's 2024 AGM will take place as an in-person meeting at 11:00 a.m. on Friday, 19 January 2024.  The Meeting is to be held at the Group's head office in New Malden, Surrey.

 

The  formal Notice of the Meeting is set out in the Audited Annual Report and Accounts published today.  Explanatory notes in relation to the resolutions to be proposed at the AGM are set out at the end of the notice of meeting. Attendance can be in person or by proxy or, in the case of a company or organisation, by appointment of a corporate representative.

 

The Company is providing facilities which will enable shareholders to:

 

Ø  view the live meeting electronically.  If you wish to attend in this fashion, please email info@charactergroup.plc.uk (stating "Character Group: 2024 AGM virtual attendance" in the subject line of the email) by 11:00 a.m. on Wednesday, 17 January 2024 to ensure the issue to you of a Microsoft Teams invitation.  Invitations enabling remote attendance will be issued by 6:00 p.m. on 18 January 2024.  Please note, however, that joining remotely will not constitute attendance at the meeting for the purposes of being counted in the quorum for the AGM and that virtual attendees will not be able to vote at the AGM.  Shareholders wishing to attend the meeting virtually in this fashion are, therefore, requested to exercise their votes by submitting their forms of proxy appointing the Chair of the AGM as their proxy, in accordance with the instructions set out in the notes to the Notice of Meeting, by no later than 11:00 a.m. on 17 January 2024.  If the Chair of the AGM is appointed as proxy to a shareholder, she will vote in accordance with any instructions given to her. If the Chair of the meeting is given discretion as to how to vote, she will vote in favour of each of the resolutions to be proposed at the AGM; and

 

Ø  submit written questions prior to the AGM.  Any shareholder that wishes to put questions to the Board is invited to submit those questions in writing in advance of the meeting by sending them to info@charactergroup.plc.uk  (stating "Character Group: 2024 AGM Questions" in the subject line of the email) by 11:00 a.m. on 17 January 2024.  The Board will seek to respond to questions which are put forward in this way either in advance of the AGM, during the AGM and/or by publishing written responses on the Company's website after the AGM, together with results of voting.  Although it will be possible to take questions during the course of the meeting itself, time may not permit responses to all of the questions to be given at the meeting and, in those circumstances, written responses will be published on the Company's website after the meeting.

 

OUTLOOK

The Group has a strong product offering for its all markets going into Christmas 2023 and beyond, which is gaining support and recognition from our UK customers and global distributors.  Despite this we have to recognise that trading conditions remain tough, with reduced consumer spending and changed priorities being an enduring effect of the cost-of-living crisis.  Whilst we have adapted our product range to target lower price points to respond to consumer financial constraints, Christmas demand has been later than usual and is clearly very sensitive to discounting.

 

Whilst the UK and Irish domestic markets will always remain critical to Character, the Board recognises that opportunities for significant sales and profit growth lie in further developing the Group's international markets.  We are focussing on this area of our business and we  are pleased to report at this early stage that, following the recent previews and presentations of our 2024 ranges and new additions at the Global Toy Fair in Los Angeles to our retail and international distribution customers, our 2024 product offering has been very well received.  Therefore, with International sales forecast to grow in the second half of the current financial year, this bodes well for the Group's strategic focus in this area.

 

In summary, Character Group continues to have a strong product offering, a robust balance sheet, with a net cash position cash and considerable unutilised working capital facilities in place.  Despite a challenging macro-economic environment, the business continues to trade satisfactorily, therefore  we expect to increase sales and profitability for the current financial year as a whole, relative to FY 2023.

 

We look forward to updating shareholders on the outcome of the 2023 Christmas trading period at the time of its forthcoming AGM.

 

 

 

THE CHARACTER GROUP PLC

11 December 2023

 

 

 

GROUP INCOME STATEMENT

for the year ended 31 August 2023


Note

12 months ended

31 August

2023

Result before  

highlighted items

 

£'000

 12 months ended

 31 August

2023

highlighted items

 

£'000

12 months ended

31 August

2023

Statutory

Result

 

£'000


12 months ended

31 August

2022

Result before   highlighted items

 

£'000

 12 months ended

 31 August

2022

highlighted items

 

£'000

12 months ended

31 August

2022

Statutory

Result

 

£'000

Revenue


122,591

-

122,591


176,402

-

176,402

Cost of sales


(89,805)

-

(89,805)


(135,036)

-

(135,036)

Gross profit


32,786

-

32,786


41,366

-

41,366

Other income


473

-

473


502

-

502

Selling and distribution expenses


(8,534)

-

(8,534)


(8,260)

-

(8,260)

Administrative expenses


(19,425)

-

(19,425)


(22,173)

-

(22,173)

Operating profit


5,300

-

5,300


11,435

-

11,435

Finance income


173

-

173


51

-

51

Finance costs


(269)

-

(269)


(207)

-

(207)

Changes in fair value of financial instruments


-

(510)

(510)


-

159

159

Profit before tax


5,204

(510)

4,694


11,279

159

11,438

Income tax


(1,305)

110

(1,195)


(2,018)

(30)

(2,048)

Profit for the period


3,899

(400)

3,499


9,261

129

9,390

 

Attributable to owners of the parent


 

 

 





Profit for the period


 

 

3,499




9,390

Earnings per share (pence)

3

 

 

 





Basic earnings per share


 

 

18.08p




46.37p

Diluted earnings per share


 

 

17.95p




45.39p

 

 

GROUP STATEMENT OF COMPREHENSIVE INCOME

for the year ended 31 August 2023


Total

2023

£000's

Total

2022

£000's

Profit for the year after tax

9,390

Items that may be reclassified subsequently to profit and loss

Other comprehensive income for the year, net of income tax

Total comprehensive income for the year attributable to equity holders of the parent

10.,481

 

 

GROUP BALANCE SHEET

As at 31 August 2023


2023

£000's

2022

£000's

Non - current assets



Intangible assets

2,338

1,963

Investment property

1,388

1,453

Property, plant and equipment

10,009

9,307

Right of use assets

747

1,216

Deferred tax assets

525

542


15,007

14,481

Current assets



Inventories

17,955

26,173

Trade and other receivables

26,696

24,728

Current income tax receivable

717

576

Derivative financial instruments

57

412

Cash and cash equivalents

10,894

26,646


56,319

78,535

Current liabilities



Short-term borrowings

(1,284)

(6,627)

Trade and other payables

(26,945)

(42,151)

Lease Liabilities

(486)

(577)

Income tax

(2,117)

(3,345)

Derivative financial instruments

(498)

(343)


(31,330)

(53,043)

Net current assets

24,989

25,492

Non-current liabilities



Deferred tax

(367)

(427)

Lease liabilities

(264)

(648)


(631)

(1,075)

Net assets

39,365

38,898

Equity



Called up share capital

1,074

1,074

Shares held in treasury

(1,762)

(1,813)

Capital redemption reserve

1,883

1,883

Share-based payment reserve

4,161

3,957

Share premium account

17,751

17,566

Merger reserve

651

651

Translation reserve

971

1,950

Profit and loss account

14,636

13,630

Total equity attributable to equity holders of the parent

39,365

38,898

 

 

GROUP CASH FLOW

for the year ended 31 August 2023


Group

2023

£000's

2022

£000's

Cash flow from operating activities

Profit before taxation for the year after highlighted items

Adjustments for:

Depreciation of property, plant and equipment

Depreciation of investment property

Depreciation of right of use assets

Amortisation of intangible assets

(Profit) on disposal of property, plant and equipment

Net interest expense

Financial instruments fair value adjustments

 Share-based payments

Cash generated from operations

Finance income

Finance expense

Income tax paid

Net cash (outflow)/inflow from operating activities

Cash flows from investing activities

(1,666)

(1,845)

225

Net cash outflow from investing activities

Cash flows from financing activities

Net cash used in financing activities

Net decrease in cash and cash equivalents

Cash, cash equivalents and borrowings at the beginning of the year

Effects of exchange rate movements

Cash, cash equivalents and borrowings at the end of the year

 

Cash, cash equivalents and borrowings consist of:

 

Cash and cash equivalents


10,894

26,646

Total borrowings


(1,284)

(6,627)

Cash, cash equivalents and borrowings at the end of the year


9,610

20,019

 

 

GROUP STATEMENT OF CHANGES IN EQUITY

for the year ended 31 August 2023

 



Called up share capital

£000's 

Shares held in treasury

£000's 

Capital

redemption

 reserve

£000's

Share premium account

£000's

Merger reserve

£000's 

Share-based payment reserve

£000's

 

Translation reserve

£000's 

Profit

and loss account

£000's 

Total

£000's 

The Group











At 1 September 2021

 

1,181

(1,870)

1,776

17,324

651

3,749

767

21,274

44,852

Profit for the year after tax









9,390

9,390

Net exchange differences on translation of foreign operations


-

-

-

-

-

-

1,183

(92)

1,091

Total other comprehensive income/(expense)

1,183

(92)

1,091

Total comprehensive income for the year 

1,183

9,298

10,481

Share-based payment


-

-

-

-

-

208

-

-

208

Current tax credit relating to exercised share options


-

-

-

-

-

-

-

18

18

Deferred tax debit relating to share options


-

-

-

-

-

-

-

(40)

(40)

Dividends


-

-

-

-

-

-

-

(3,280)

(3,280)

Shares Issued


-

57

-

242

-

-

-

-

299

Tender offer fees


-

-

-

-

-

-

-

(142)

(142)

Shares cancelled on tender offer


(107)

-

107

-

-

-

-

(13,498)

(13,498)

At 31 August 2022

 

1,074

(1,813)

1,883

17,566

651

3,957

1,950

13,630

38,898

Profit for the year after tax


-

-

-

-

-

-

-

3,499

3,499

Net exchange differences on translation of foreign operations


-

-

-

-

-

-

(979)

1,099

120

Total other comprehensive income/(expense)

(979)

1,099

120

Total comprehensive income for the year 

(979)

4,598

3,619

Share-based payment


-

-

-

-

-

204

-

-

204

Deferred tax debit relating to share options


-

-

-

-

-

-

-

(106)

(106)

Dividends


-

-

-

-

-

-

-

(3,486)

(3,486)

Shares Issued


-

51

-

185

-

-

-

-

236

At 31 August 2023

 

1,074

(1,762)

1,883

17,751

651

4,161

971

14,636

39,365

 

 

THE CHARACTER GROUP PLC

NOTES TO THE STATEMENT

 

 

1.  GEOGRAPHICAL DESTINATION OF REVENUE


12 months to

31 August 2023

£000's

12 months to

31 August 2022

£000's

United Kingdom

61,116

84,605

Rest of the world

61,475

91,797

Total Group

122,591

176,402

 

2.  EXPENSES BY NATURE - Group

12 months to

31 August 2023

£000's

12 months to

31 August 2022

£000's


77,100

117,586

2,609

1,957

(2,550)

(1,666)

2,155

1,489

2,214

1,780

510

(159)

944

634

1,513

2,406

11,358

15,171



791

556

65

66

(52)

(3)

609

632

154

160

 

3.  Earnings per share - group

The earnings used in the calculation of basic and diluted earnings per share are as follows:

 

Year ended

31 August 2023

Profit after taxation

£

Year ended

31 August 2022

Profit after

taxation

£

9,390,000

(129,000)

9,261,000

 

20,251,532

436,409

20,687,941


Earnings per share before highlighted items

45.73p

44.77p

Earnings per share after highlighted items

46.37p

45.39p

 

4.  DIVIDEND - GROUP

12 months to

31 August 2023

£000's

12 months to

31 August 2022

£000's

1,929


1,351

3,280

 

The Directors recommend a final dividend of 11.00 pence per share (2022: 10.00 pence) amounting to £2,130,235 (2022: £1,936,577). 

If approved by shareholders, the final dividend will be paid on 26 January 2024 to shareholders on the register on 12 January 2024.

 

5.  ANNUAL REPORT AND ACCOUNTS

The financial information set out in the announcement does not constitute the Company's statutory accounts for the years ended 31 August 2023 and 2022.  The financial information for the year ended 31 August 2022 is derived from the statutory accounts for that year which have been delivered to the Registrar of Companies.  The financial information for the year ended 31 August 2023 is derived from the statutory accounts for that year and those accounts have today been published and may be viewed and/or downloaded from the Company's website at www.thecharacter.com.  The auditors reported on each of those accounts: their report was unqualified, did not draw attention to any matters by way of emphasis and did not contain a statement under s498(2) or (3) of the Companies Act 2006. The audited statutory accounts for the year ended 31 August 2023 will be delivered to the Registrar of Companies following the Company's Annual General Meeting.

 

6.  ANNUAL GENERAL MEETING

The Annual General Meeting will be held at 2nd Floor, 86-88 Coombe Road, New Malden, Surrey KT3 4QS on Friday, 19 January 2024 at 11.00am.

 

7.  ELECTRONIC COMMUNICATIONS

The full Financial Statements for the year ended 31 August 2023, incorporating the Notice of Meeting convening the Company's 2024 Annual General Meeting, is available for viewing on and download from the Group's website: www.character.com.

 

 

 

Enquiries to:

The Character Group plc

Jon Diver, Joint Managing Director

Kiran Shah, Joint Managing Director & Group Finance Director

Office:  +44 (0) 208 329 3377

Mobile: +44 (0) 7831 802219 (JD) or Mobile: +44 (0) 7956 278522 (KS)

 

Panmure Gordon (Nominated Adviser and Joint Broker)

Atholl Tweedie, Investment Banking

Rupert Dearden, Corporate Broking

Tel:  +44 (0) 20 7886 2500


Allenby Capital Limited (Joint Broker)

Nick Athanas, Corporate Finance

Amrit Nahal / Tony Quirke, Sales & Corporate Broking

Tel:  +44 (0) 20 3328 5656

 

TooleyStreet Communications Limited (Investor and media relations)

Fiona Tooley

Tel:  +44 (0) 7785 703523

Email: fiona@tooleystreet.com

 

 

The Character Group plc

FTSE sector:  leisure goods:

FTSE AIM All-share: symbol: CCT

Market cap: £55m

Email:  info@charactergroup.plc.uk

Group website: www.thecharacter.com

Product ranges can also be viewed at www.character-online.co.uk

CHARACTER GROUP PLC CCT Stock | London Stock Exchange

 

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