19 Nov 2009 07:00
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| For immediate release | 19 November 2009 |
WHITE YOUNG GREEN PLC
Interim Management Statement
White Young Green plc ("WYG"), the international multi-skilled consultancy, today provides its Interim Management Statement which covers the period from 1 July 2009 to 18 November 2009.
Trading for the financial year to date is in line with the Board's expectations. Current trading conditions remain challenging, although there are variations across the differing markets served by the Group. There remains a lack of confidence and liquidity in many areas in which we trade, but there are also some encouraging signs in respect of opportunities and new contract wins.
As announced on 30 October 2009, terms have been agreed with the Group's lenders for a proposed refinancing and capital restructuring. This is subject to legal documentation and shareholder approval. A circular is expected to be sent to shareholders in due course.
For further information, please contact:
White Young Green plc Tel: 0113 278 7111
Paul Hamer, Chief Executive Officer
David Wilton, Group Finance Director
Buchanan Communications Tel: 020 7466 5000
Tim Anderson / Lisa Baderoon