Jaywing Regulatory News (JWNG)

23 Jun 2005 10:01

Carlisle Holdings Ltd23 June 2005 Press ReleaseCarlisle Holdings Limited FOR IMMEDIATE RELEASE CARLISLE HOLDINGS LIMITED ANNOUNCES PAYMENT OF ITS DIVIDEND Belize City, Belize, June 23, 2005 - Further to the dividend declared byCarlisle Holdings Limited (NASDAQ: CLHL, London: CLH) ("Carlisle") on May 13,2005, the shares in Seashell II Limited (London: SEAS) ("Seashell II") andBombshell Limited (London: BOM) ("Bombshell") were admitted to trading on theAlternative Investment Market today. The Carlisle dividend is therefore nowunconditional. Commenting, Chairman, Lord Ashcroft, KCMG said "Following the successfulcompletion of the dividend of shares in Seashell Group Limited, its admission toAIM, its enhanced capitalization and its merger with Wraith plc, the value of aCarlisle shareholder's investment has risen from the 50p value of the dividendto approximately 90p today in Wraith shares. I am now looking for entrepreneurswho have good strategic plans and need financial backing to develop theirbusiness through either Seashell II or Bombshell with a view to furtherenhancing shareholder value." Share certificates representing Seashell II and Bombshell shares will bedispatched shortly to qualifying Carlisle shareholders other than thoseshareholders who are citizens, residents or nationals of the United States(including US based custodians, nominees or trustees for persons who are not, orwho are, citizens, residents or nationals of the United States) and other thanthose shareholders who, if Seashell II shares and Bombshell shares were to betransferred to such shareholders, would receive fewer than 10 Seashell II and 10Bombshell shares. Qualifying Carlisle shareholders will receive approximately1.0704 shares in each of Seashell II and Bombshell for each 10 Carlisle Sharesregistered in their name at 4:30pm New York Time on May 27, 2005. Carlisle shareholders who are citizens, residents or nationals of the UnitedStates (including US based custodians, nominees or trustees for persons who arenot, or who are, citizens, residents or nationals of the United States) willreceive approximately US$0.09983 for each Carlisle share registered in theirname in respect of each of Seashell II and Bombshell at 4:30pm New York Time onMay 27, 2005. In addition, Carlisle shareholders who, if Seashell II shares and Bombshellshares were to be transferred to such shareholders, would receive fewer than 10Seashell II shares and 10 Bombshell shares, shall not receive shares in eitherSeashell II or Bombshell and shall receive cash in US$ of approximately$0.09983, with the exception of UK shareholders who will receive cash in UK£ ofapproximately £0.0535 for each Carlisle share registered in his name, for eachof Seashell II and Bombshell. The shares in each of Seashell II and Bombshell which such non-qualifyingCarlisle shareholders would otherwise have received have been sold to placeesprocured by Carlisle. The Seashell II and Bombshell shares are tradeable from today and will beeligible for electronic settlement through CREST in the United Kingdom in theform of Depository Instruments from today. Background Information Through its OneSource brand, Carlisle Group is a leader in the outsourcedfacilities services sector in the US and provides janitorial, landscaping,general repair and maintenance and other specialized services for more than10,000 commercial, institutional and industrial accounts. In the UK and Ireland,Carlisle Group is also a leading provider of business services. CarlisleFacilities Services is a national provider for a broad range of people-dominatedfacilities services (specializing in the industry sectors of Retail, Transportand Public Sector). Carlisle Staffing Services continues to develop asignificant position in the staffing services sector with a presence in themarkets for Professional Services, Office and Industrial, Public Services,Scientific and Telecoms/Technology and the developing Human Resources Servicesmarket. This business has over 80 locations with a weekly temporary/contractorbase of over 9,000 workers employed across more than 5,000 clients. The Companyalso has interests in Financial Services. Forward Looking Statements Certain statements in this press release constitute "forward looking statements"within the meaning of the Private Securities Litigation Reform Act of 1995. Inparticular, statements contained herein regarding the consummation and benefitsof future acquisitions, as well as expectations with respect to future revenues,operating efficiencies, net income and business expansion, are subject to knownand unknown risks, uncertainties and contingencies, many of which are beyond thecontrol of Carlisle, which may cause actual results, performance or achievementsto differ materially from anticipated results, performance or achievements.Factors that might affect such forward looking statements include among others,overall economic and business conditions, the demand for Carlisle's services,competitive factors, regulatory approvals and the uncertainty of consummation offuture acquisitions. Additional factors which may affect Carlisle's businessesand performance are set forth in submissions by Carlisle Holdings Limited withthe United States Securities and Exchange Commission, (the SEC), which areavailable without charge from the SEC at www.sec.gov. For further information contact: Makinson Cowell Carlisle Group+1 (212) 994 9044 UK +44 (0)20 7248 6700 Belize +501 227 7178 Note: This and other press releases are available at the Company's web site:http://www.carlisleholdings.com. - Ends - This information is provided by RNS The company news service from the London Stock Exchange