Wilmington Regulatory News (WIL)

6 Jun 2007 07:00

Wilmington Group Plc06 June 2007 Embargoed until 0700 6 June 2007 Wilmington Group plc Proposed Disposal of Non-Core Assets The Board of Wilmington Group plc ("Wilmington" or "the Group") confirms that ithas conducted a strategic review of its business and has concluded thatWilmington should focus on its Professional Markets business. This comprises itsLegal & Regulatory, Healthcare and Media & Entertainment activities, whichaccounted for approximately 93% of group profits before tax in the year to June2006. Wilmington is therefore proposing to sell its interests in other, non-coremarkets. The proposed disposal includes the Group's businesses in the Design,Construction, Power, Catering, Automotive and Specialist markets. Grant Thorntonhas been appointed to conduct the sale. The Board expects to issue a furtherstatement at the conclusion of the process. Charles Brady, Chief Executive, commented"Our aim remains to significantly grow the revenues and profits of the Grouporganically and by acquisition. By focussing our investment and resources theGroup will be better positioned to accelerate the development of training andinformation businesses in its core markets. The businesses for sale havebenefited from significant investment in the last 24 months and have excellentprospects. The Group's performance remains in line with our expectations." - ends - Enquiries: Wilmington Group PLCCharles Brady, Chief Executive 020 7422 6800 Grant Thornton Corporate FinanceStuart Sparkes 0870 324 2631 Numis SecuritiesJames Sergeant 020 7260 1309 Hoare GovettSara Hale / John Fishley 020 7678 8000 Weber Shandwick FinancialNick Oborne 020 7067 0700 Notes to EditorsWilmington 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 three principal sectors of Legal &Regulatory, Healthcare and Media & Entertainment. Capitalised at approximately£210 million, Wilmington floated on the London Stock Exchange in 1995. This information is provided by RNS The company news service from the London Stock Exchange