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Market Cap: £658.17m
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Disposal

14 Jul 2010 11:54

RNS Number : 3384P
Creston PLC
14 July 2010
 



 

 

CRESTON PLC

("Creston" or the "Company")

 

COMPLETION OF SALE OF THE DLKW GROUP

 

Further to the announcement made on 13 July 2010 that the resolution to approve the Disposal of the DLKW Group was duly passed at the General Meeting held yesterday, the Board is pleased to announce that it has today completed the sale of the DLKW Group to Lowe for a total consideration of £28 million.

 

 

Enquiries:

 

Creston plc Tel: +44 (0) 20 7930 9757

David Grigson, Chairman

Don Elgie, CEO

Barrie Brien, COO/CFO

 

Investec Tel: +44 (0) 20 7597 5120

Erik Anderson

 

M:Communications Tel: +44 (0) 20 7920 2330

Elly Williamson

 

Capitalised terms used, but not defined, in this announcement have the same meanings as given to them in the circular sent by the Company to Shareholders dated 28 June 2010 unless the context requires otherwise.

 

Investec, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting exclusively for Creston and no one else in connection with the Disposal and this announcement and will not be responsible to anyone other than Creston for providing the protections afforded to clients of Investec nor for providing advice in connection with the Disposal or this announcement or any matter referred to herein.

This information is provided by RNS
The company news service from the London Stock Exchange
 
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