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Interim Management Statement

10 Feb 2010 10:41

RNS Number : 9432G
Worthington Group PLC
10 February 2010
 



 Worthington Group plc

 

Interim Management Statement

 

 

Worthington Group plc provides an Interim Management Statement for the period from 1 October 2009 to the date of this announcement, as required by the UK Listing Authority's Disclosure and Transparency Rules.

 

Head office rental receipts and costs are in line with expectations during the period. Interest receipts have been favourable with the completion and repayment of one bridging loan in November together with the commencement of a new bridging loan in excess of £650,000, secured by a first charge on property.

 

Trimmings by Design Limited our associate company continues to trade at a loss. This represents an accounting loss only and does not affect our cash position.

 

Pension fund returns for the quarter to 31 December 2009 in respect of the property investments were ahead of benchmark returns whilst the rest of the investment portfolios have been broadly in line with the benchmark returns sought.

 

The property at Keighley continues to be well let although there is no further progress to report as regards redevelopment plans.

 

We continue to seek suitable investments for the business and in the meantime plan to continue to lend out the cash on short term bridging loans at favourable interest rates.

 

 

 

 

Enquiries:

 

Joe Dwek CBE, Chairman

Worthington Group plc

Tel: 01625 549082

Website: www.worthingtongroupplc.co.uk

 

 

10 February 2010

This information is provided by RNS
The company news service from the London Stock Exchange
 
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IMSBBLFFBLFXBBK
Date   Source Headline
4th Aug 20063:35 pmRNSAGM Results/Informat'n Update
21st Jun 20069:53 amRNSHolding(s) in Company
7th Jun 20065:18 pmRNSHolding(s) in Company
9th May 20063:38 pmRNSHolding(s) in Company
5th May 200611:26 amRNSResult of EGM
18th Apr 20065:15 pmRNSNotice of EGM
28th Mar 200610:11 amRNSProperty Disposal
6th Mar 20064:01 pmRNSProperty Update & Disposal
3rd Mar 20063:13 pmRNSHolding(s) in Company
16th Dec 20059:17 amRNSInterim Results
9th Nov 200510:31 amRNSAnnual Information Update
5th Sep 20052:17 pmRNSDirector Appointment
19th Aug 200510:14 amRNSDirectorate Change
8th Aug 20051:57 pmRNSUpdate - Move to AIM
18th Jul 200511:39 amRNSFinal Results

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