TIDMBARK

RNS Number : 2826J

Barkby Group PLC

26 April 2022

26 April 2022

Barkby Group PLC

("Barkby" or the "Company")

Exchange of Contracts at Saffron Walden, Essex

Barkby Group PLC is pleased to announce it has unconditionally exchanged contracts to sell its site at Saffron Walden for GBP3.45m. Barkby currently has a book value of GBP1m for the site, the sale will result in a net profit of GBP2.3m for Barkby after disposal costs.

Completion has been agreed for 31(st) May 2022.

Charles Dickson, Executive Chairman of Barkby Group Plc, commented:

"I am delighted to have exchanged contracts for the sale of the site. Barkby has added significant value to the site through a series of successful planning applications which has resulted in a significant profit for shareholders."

Enquiries:

 
Barkby Group plc                               via Camarco 
 Charles Dickson (Executive Chairman) 
 Douglas Benzie (CFO) 
finnCap Ltd (Nomad and Broker) 
 Carl Holmes/Simon Hicks (corporate finance)   +44 (0) 20 7220 
 Tim Redfern/Richard Chambers (ECM)             0500 
Camarco (Financial PR)                         +44 (0) 20 3757 
 Jennifer Renwick/Phoebe Pugh                   4994

About The Barkby Group Plc:

Barkby Group PLC is a diversified group of high growth, high quality businesses run by an entrepreneurial and experienced management team. The existing wholly owned businesses units within Barkby include: Barkby Real Estate, Barkby Pub Co. and Barkby Investments (comprising of Workshop Coffee, Centurian Automotive, Cambridge Sleep Sciences and a minority stake in Verso Biosense).

Barkby's strategy is to accelerate and maximise opportunities within its existing businesses.

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the company's obligations under Article 17 of MAR.

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END

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April 26, 2022 10:06 ET (14:06 GMT)

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