Cropper (J) Regulatory News (CRPR)

7 Mar 2006 09:55

Cropper(James) PLC07 March 2006 James Cropper PLC ("the Company") Sale of shares by James Cropper PLC Pension Scheme ("the Scheme") In late 2004 the trustees of the Scheme undertook a review of the Scheme'sInvestment Strategy inconjunction with its advisers. The aim of the review wasto align the Scheme's assets with the changing age profile of its membershipresulting from the closure of the Scheme to new membership in 1999. As a resultof this review the trustees have embarked upon a Strategy that willprogressively increase the proportion of its funds held in bonds with aconsequent reduction in equities. The Company was notified on 7 March 2006 that the Scheme had sold 10,000ordinary shares of 25 pence each in the Company ("Ordinary Shares") at a priceof 157 pence per Ordinary Share. Following this disposal the Scheme now holds231,000 Ordinary Shares representing 2.76 per cent of the Company's issuedordinary share capital. Two executive directors Mr John Malcolm Denman and Mr Nigel Anthony Read aretrustees of the Scheme and are therefore deemed to have a non-beneficialinterest in the Scheme. 7 March 2006 This information is provided by RNS The company news service from the London Stock Exchange