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LONDON (Alliance News) - Worthington Group PLC said Friday it is hoping for a good 2014, as it announced plans to lift the suspension of its shares after it releases its interim accounts.
The property development company intends to release the accounts for the half year to March 31 shortly, and at that time will apply for the suspension to be lifted.
Worthington also said it had been in discussions with the Trustee of the Jerome Group PLC retirement benefits plan and the pension regulator to address its pension deficit.
"I am pleased that we will soon be seeking to lift the suspension of our shares and we expect to be making an exciting series of announcements of new ventures in property, the media sector as well as further developments regarding our current portfolio," Chief Executive Doug Weir said in a statement.
The company's shares have been suspended since August 1, 2013. In November it had said that it hoped to lift the suspension "within two weeks" as it expected to complete a fund raising and issue its accounts.
By Hana Stewart-Smith; hanassmith@alliancenews.com; @hanassallnews
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