Carclo Regulatory News (CAR)

11 May 2006 10:58

Carclo plc11 May 2006 For Immediate Release 11 May 2006 Carclo plc ("Carclo") Result of EGM On 26 April 2006, Carclo announced that it had reached conditional agreements tosell the business and operating assets of CTP Gills Cables Limited ("Gills) andto sell its 50 per cent.shareholding in CTP Suprajit Automotive Ltd ("CTPSuprajit") to Suprajit Engineering Ltd ("SEL"), (together the "Disposal"). The Disposal is conditional, inter alia, upon satisfactory completion of the UKemployee consultation process, receipt of formal clearance from the PensionsRegulator and approval by Carclo shareholders. The ordinary resolution to approve the Disposal was duly passed at theExtraordinary General Meeting held earlier today. All other conditions having been satisfied, completion of the Disposal isexpected to take place on 12 May 2006. - Ends- Enquiries:Carclo plc 01924 268040Ian Williamson, Chief ExecutiveRobert Brooksbank, Finance Director Dresdner Kleinwort Wasserstein Limited 020 7623 8000Michael CovingtonRobert Dawson Weber Shandwick Square Mile 020 7067 0700Richard HewsJames White Notes to Editors • Carclo plc is a global supplier of technical plastic components. It is a public company whose shares are quoted on the London Stock Exchange. • 65% of sales are derived from the supply of fine tolerance, injection moulded plastic components, which are used in medical, automotive, telecom and electronics products. This business, Carclo Technical Plastics, operates internationally in a fast growing and dynamic market underpinned by rapid technological development. • 35% of sales are derived from the supply of manufactured systems to the automotive and aerospace industries. • Carclo's strategy is to grow rapidly in low cost manufacturing regions and to develop new technologies and products to underpin future growth. This information is provided by RNS The company news service from the London Stock Exchange