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Last checked at 4 Apr 2006 07:00
Latham(James) PLC04 April 2006 The Directors of James Latham plc are pleased to announce the sale of NevillLong Limited, its suspended ceilings, dry lining and partition systemsdistribution business, to Wolseley UK Limited. The cash consideration is £10.32m with an adjustment on agreement of theCompletion Accounts. The net assets of Nevill Long at 30th September 2005 were£3.5m and sales for the half year totalled £12.8m. The reason for the sale is that Nevill Long is not core to the Group's timberbusinesses and the Directors believe Wolseley, with their resources, willestablish Nevill Long as a major player in the interior building productsmarket. The proceeds of the sale will be used to strengthen and develop JamesLatham's timber business. Although trading conditions for timber in the current year have become morechallenging, results to 31st March 2006 are likely to meet market expectations. RJ LathamChairman This information is provided by RNS The company news service from the London Stock Exchange
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1,105.00
0.00 (0.00%)
Bid:
0.00
Ask:
0.00
Spread:
30.00 (2.752%)
Market Cap:
£222.77m
Last checked at -
Intraday Latham Timber Share Chart
Disposal
| Date | Source | Headline | |
|---|---|---|---|
| 2nd Jun 2006 | 11:00 am | RNS | Notice of Results |
| 2nd May 2006 | 12:57 pm | RNS | Director/PDMR Shareholding |
| 12th Apr 2006 | 9:43 am | RNS | Director/PDMR Shareholding |
| 4th Apr 2006 | 7:00 am | RNS | Disposal |
| 15th Dec 2005 | 10:14 am | RNS | Trading Statement |
| 13th Dec 2005 | 9:46 am | RNS | Hemel Hempstead Refinery Fire |
| 12th Dec 2005 | 9:07 am | RNS | Holding(s) in Company |
| 24th Nov 2005 | 7:00 am | RNS | Interim Results |
| 4th Nov 2005 | 7:00 am | RNS | Trading Update |
| 9th Sep 2005 | 1:58 pm | RNS | Director/PDMR Shareholding |
| 11th Aug 2005 | 1:19 pm | RNS | AGM Statement |
| 2nd Aug 2005 | 10:41 am | RNS | Circ re. AGM |
| 8th Jul 2005 | 11:35 am | RNS | Director Declaration |
| 28th Jun 2005 | 3:47 pm | RNS | Director Shareholding |
| 24th Jun 2005 | 3:22 pm | RNS | Directorate Change |
| 24th Jun 2005 | 7:00 am | RNS | Final Results |
| 13th Jun 2005 | 4:34 pm | RNS | Notice of Results |
| 6th Apr 2005 | 7:00 am | RNS | Further re Clapton site sale |
| 13th Jan 2005 | 2:50 pm | RNS | Holding(s) in Company |
| 12th Jan 2005 | 10:45 am | RNS | Result of EGM |
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