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RESPONSE TO STATEMENT

18 Jan 2011 12:04

RNS Number : 6645Z
Lavendon Group PLC
18 January 2011
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๏ปฟ

18th January 2011

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Lavendon Group plc ("Lavendon" or the "Company")

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RESPONSE TO STATEMENT OF INTENTION FROM ASHTEAD GROUP PLC ("ASHTEAD") AND TVH SERVICES N.V. ("TVH") NOT TO MAKE A FIRM OFFER FOR LAVENDON

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The Board of Lavendon notes the announcement issued today by Ashtead and TVH that they will not proceed with an offer for the Company.

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John Standen, Lavendon's Chairman, commented:

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"I'm delighted that this uncertainty has been removed. We have a clear set of objectives to enhance shareholder value and Lavendon is very well positioned. With a strengthened Board, supportive shareholders and the business review significantly progressed, we are looking forward to the future with confidence."

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Enquiries:

Financial Dynamics Tel: +44(0)207 831 3113

Billy Clegg

Jonathon Brill

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