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Disposal

26 Jul 2010 07:00

RNS Number : 8774P

Universe Group PLC

26 July 2010

For immediate release: 26 July 2010

Universe Group PLC

("Universe" or "the Company")

Disposal of JetSet Wash Systems Limited

("JetSet")

Universe (AIM:UNG.L) announces that it has sold JetSet for a consideration of approximately £0.4 million to be satisfied in cash.

In the year ended 31 December 2009, JetSet, which is a provider of vehicle washing technology and ancillary forecourt equipment, reported sales of approximately £1.933 million and operating losses of approximately £0.241 million and as at 31 December 2009, its net assets represented £0.576 million of the Group's total net assets of £13.536 million.

Universe intends to use the net proceeds from the sale of JetSet to reduce the Company's overall levels of debt.

-ends-

Universe Group PLC

John Scholes, Chairman

Paul Cooper, Chief Executive

Tel: 02380 689 510

Arbuthnot Securities Limited

Tom Griffiths

Tel: 020 7012 2000

Tavistock Communications

John West / Andrew Dunn

Tel: 020 7920 3150

This information is provided by RNS

The company news service from the London Stock Exchange

END

DISUOUBRROABUAR

Date		Source	Headline
10th May 2010	2:02 pm	RNS	Form 8.3 - Universe Group PLC
7th May 2010	11:30 am	RNS	Form 8.3 - Universe Group Plc
6th May 2010	5:25 pm	RNS	Form 8.5 (EPT/RI)
5th May 2010	2:16 pm	RNS	Form 8.3 - Universe Group PLC
5th May 2010	7:59 am	RNS	Form 8.5 (EPT/RI)
29th Apr 2010	3:19 pm	RNS	Form 8 (OPD) Brulines Group - Replacement
29th Apr 2010	12:06 pm	RNS	Form 8 (OPD) (Brulines Group PLC)
29th Apr 2010	9:50 am	RNS	Form 8 (OPD) Universe Group PLC (Offeree)
29th Apr 2010	7:41 am	RNS	Form 8.5 (EPT/RI)
28th Apr 2010	2:33 pm	RNS	Form 8.3 - Universe Group Plc
28th Apr 2010	9:15 am	RNS	Form 8.5 (EPT/RI)
28th Apr 2010	7:00 am	RNS	Final Results
27th Apr 2010	9:54 am	RNS	Form 8.3 - [Universe Group plc] - Amendment
26th Apr 2010	4:52 pm	RNS	Form 8.3 - [Universe Group plc]
26th Apr 2010	9:33 am	RNS	Form 8.5 (EPT/RI)
23rd Apr 2010	3:54 pm	RNS	Replacement: Form 8 (OPD) (Universe Group plc)
23rd Apr 2010	2:28 pm	RNS	Replacement:Form 8 (OPD) (Universe Group plc)
23rd Apr 2010	10:10 am	RNS	Form 8 (OPD) (Universe Group plc)
23rd Apr 2010	8:03 am	RNS	Form 8.5 (EPT/RI)
20th Apr 2010	2:16 pm	RNS	Form 8.3 - Universe Group
19th Apr 2010	3:19 pm	RNS	Form 8.3 - Universe Group
15th Apr 2010	8:58 am	RNS	EPT Disclosure
31st Mar 2010	1:02 pm	RNS	Rule 8.3- Universe Group Plc
31st Mar 2010	9:10 am	RNS	EPT Disclosure
30th Mar 2010	9:20 am	RNS	EPT Disclosure
29th Mar 2010	10:57 am	RNS	EPT Disclosure
25th Mar 2010	2:05 pm	RNS	Rule 8.3- Universe Group Plc
24th Mar 2010	10:08 am	RNS	EPT Disclosure
18th Mar 2010	11:52 am	RNS	Rule 8.3- UNIVERSE GROUP PLC
18th Mar 2010	9:25 am	RNS	EPT Disclosure
12th Mar 2010	7:31 am	RNS	EPT Disclosure
10th Mar 2010	1:13 pm	RNS	Rule 8.3 Universe Group Plc
8th Mar 2010	12:08 pm	RNS	Rule 8.3 - Universe Group Plc
8th Mar 2010	10:34 am	RNS	EPT Disclosure
4th Mar 2010	10:00 am	RNS	EPT Disclosure
2nd Mar 2010	11:35 am	RNS	EPT Disclosure
25th Feb 2010	9:56 am	RNS	Rule 8.3 - Universe Group Plc
11th Feb 2010	9:14 am	RNS	EPT Disclosure
29th Jan 2010	2:41 pm	RNS	Rule 8.3- Universe Group Plc
18th Dec 2009	8:02 am	RNS	EPT Disclosure
10th Dec 2009	10:56 am	RNS	Rule 8.3 - Universe Group Plc
8th Dec 2009	7:46 am	RNS	EPT Disclosure
7th Dec 2009	10:24 am	RNS	EPT Disclosure
3rd Dec 2009	9:01 am	RNS	EPT Disclosure
2nd Dec 2009	11:16 am	RNS	Rule 8.3 - Universe Group Plc
25th Nov 2009	11:28 am	RNS	EPT Disclosure
16th Nov 2009	10:05 am	RNS	Rule 8.3 - Universe Group Plc
13th Nov 2009	7:00 am	RNS	New Contract Signed
2nd Nov 2009	7:00 am	RNS	Clarification Re: Contract Renewal and Extension
29th Oct 2009	2:30 pm	RNS	Approach to Universe Group PLC

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