Sale of Artwork
Camellia Plc has announced the sale of its own artwork, realizing proceeds of £1.6 million, with almost all of this amount representing profit, which will be used to fund the Company's Value Enhancement Plan and increase investment in higher-return operating assets. This follows an announcement from its 74% owned Indian subsidiary, Goodricke Group Limited, regarding the sale of its artwork for an aggregate consideration of INR 277.5 million, equivalent to approximately £2.2 million.
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Camellia notes the announcement required of and made by Goodricke Group Limited (a 74% owned Indian subsidiary of Camellia) on 17 September 2026 to the Bombay Stock Exchange in connection with the sale by auction of some of its artwork for an aggregate consideration of INR 277.5 million (c. £2.2 million).
Camellia is also pleased to announce that it sold some of its own artwork in the same auction realising proceeds of £1.6 million, almost all of which is profit. The proceeds will support the Company’s Value Enhancement Plan, which includes increasing investment into higher-return operating assets to generate long-term growth in shareholder value.
596/2014, as part of UK domestic law via the European Union (Withdrawal) Act 2018.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.