Result of EGM

13 Jun 2005 11:52

Carclo plc13 June 2005 13 June 2005 Carclo plc Result of Extraordinary General Meeting Carclo plc announces that the ordinary resolution to approve the disposal of ECCCard Clothing to NV Bekaert SA for a total consideration of up to £8.6 millionwas duly passed at the extraordinary general meeting held earlier today. Completion of the sale remains conditional on Turkish merger clearence havingbeen obtained. - Ends - Enquiries: Carclo plc 01924 268040Ian Williamson, Chief ExecutiveRobert Brooksbank, Finance Director Dresdner Kleinwort Wasserstein Limited 020 7623 8000Michael CovingtonAlex Thomas Weber Shandwick Square Mile 020 7067 0700Richard HewsSusanne Walker Notes to editors: • Carclo plc is a global supplier of technical plastic products. It is a public company whose shares are quoted on the London Stock Exchange. • 70% of sales, on a pro forma basis (assuming the ECC Card Clothing disposal completes), are derived from the supply of fine tolerance, injection moulded plastic components, which are used in medical, telecom and electronics products. This business, Carclo Technical Plastics, operates internationally in a fast growing and dynamic market underpinned by rapid technological development. • 30% of sales, on a pro forma basis, are derived from the supply of products to the automotive and aerospace industries. • Carclo's strategy is to grow rapidly in low cost manufacturing regions and to develop new technologies and products to underpin future growth. This information is provided by RNS The company news service from the London Stock Exchange