Walker Greenbank PLC Interim Insurance Payment (7858C)
20 April 2017 - 4:00PM
UK Regulatory
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
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