Newmark Security Regulatory News (NWT)

6 Dec 2007 11:02

Newmark Security PLC06 December 2007 Newmark Security PLC ("Newmark Security" or the "Company") Trading Update The Board of Newmark Security is pleased to announce that a favourablesettlement has been reached with regard to a disputed overseas corporation taxliability which should result in a release to the profit and loss account ofapproximately £1.1 million which will be included in the accounts for the secondhalf of the year ended 30 April 2008. The exceptional profit will form part ofthe results of discontinued operations. In addition, the Group's Dutchsubsidiary, Vema NV, has sold its remaining property to realise a gain ondisposal of approximately £50,000, which will similarly be included in theresults for the second half year. The Company anticipates announcing its interim figures for the 6 months to 31October 2007 in the middle of December as last year. Enquiries: Seymour Pierce LimitedMark Percy 020 7107 8000 This information is provided by RNS The company news service from the London Stock Exchange