Keller Regulatory News (KLR)

20 Sep 2007 07:01

Keller Group PLC20 September 2007 For immediate release Wednesday, 19 September 2007 Keller Group plc Update on Withdrawal from Makers Keller Group plc ("Keller" or "the Group"), the international ground engineeringspecialist, announces significant progress in the withdrawal from Makers, its UKrefurbishment business. Social Housing Division Makers has agreed terms for the sale of its Social Housing Division to MearsGroup PLC, the AIM-listed social housing repair and maintenance provider. Thesale of the ongoing business and assets will complete on 28 September 2007. Allied Division The Allied Division, comprising Makers' small mechanical and electricalbusiness, was sold to management on 7 September 2007. The sale of both businesses is for a nominal consideration. Justin Atkinson, Keller Chief Executive, commented: "Last month, in our interim results statement, we announced our intention towithdraw from this non-core business, to enable greater focus on the Group'sstrongly performing specialist ground engineering businesses. "We have made good progress in the meantime, with the disposal of two divisionswhich together accounted for some 75% of Makers' 2006 sales. "Discussions continue around the future of the remaining Car Parks andInfrastructure Divisions and we expect to be able to provide a further updatebefore the end of the year." For further information, please contact: Keller Group plcJustin Atkinson, Chief Executive 020 7616 7575James Hind, Finance Director Smithfield 020 7360 4900Rupert Trefgarne This information is provided by RNS The company news service from the London Stock Exchange