Wilmington Regulatory News (WIL)

8 Nov 2007 07:01

Wilmington Group Plc08 November 2007 8 November 2007 WILMINGTON GROUP PLC AGM AND FIRST QUARTER INTERIM MANAGEMENT STATEMENT At today's Annual General Meeting of Wilmington Group plc, David Summers,Chairman, will make the following statement regarding the financial position andcurrent trading performance: "On 14 August 2007 we completed the disposal of our businesses serving theDesign and Construction, Catering and other specialist markets, for a cashconsideration of £12m. This is the fifth disposal in recent years and concludesthe refocusing of the Group's activities to focus on key professional businessmarkets. This latest disposal is expected to result in a modest pre tax gain andthe proceeds have enabled the Group to eliminate its net debt. As indicated in my statement in the Report and Accounts the Board is encouragedby the continued improvement in the underlying quality of the Group's earnings.Trading at the beginning of the current financial year has begun in line withour expectations and we remain confident of a satisfactory outcome for theyear." - Ends - Enquiries: Wilmington Group PLCCharles Brady, Chief Executive 0207 422 6800 Weber Shandwick FinancialNick Oborne/Georgia Dempsey/Charlie Hooper 0207 067 0700 Numis SecuritiesJames Serjeant 0207 260 1309 Hoare Govett LtdSara Hale 0207 678 8000 Notes to Editors Wilmington Group plc is one of the UK's leading providers of information andtraining for professional business markets. The Group provides training,arranges industry events and publishes magazines, directories, databases andspecial reports focused primarily on its two principal sectors of Legal &Regulatory, and Business Information which comprises Healthcare and Mediabusinesses. Capitalised at approximately £200 million, Wilmington floated on theLondon Stock Exchange in 1995. This information is provided by RNS The company news service from the London Stock Exchange