POL.L Regulatory News (POL)

31 Mar 2006 07:05

Polaron PLC31 March 2006 31 March 2006 Polaron plc Sale of Vacuum Chamber business As announced in its Interim results statement today, Polaron plc (POL) (the "Company") announces the sale of the assets and liabilities of the Vacuum Chamberbusiness of Oxford Nanoscience Limited to Weltonbridge Limited, a company ownedby Richard Davies, the former managing director of Oxford Nanoscience Limited, asubsidiary of the Company. The consideration payable is approximately £0.2m, which will be satisfied by theissue of 5% preference shares in Weltonbridge Limited. The Vacuum Chamberbusiness had net assets of £0.2m and contributed losses of £0.22m in the 6months to 31 December 2005. -ends- For further information, please contact: Polaron plc Tel: 01923 495513Joe Stelzer Financial Dynamics Tel: 020 7831 3113Juliet Clarke / Hannah Sloane This information is provided by RNS The company news service from the London Stock Exchange