AGM Statement
October 29 2003 - 6:00AM
UK Regulatory
RNS Number:4278R
Thorntons PLC
29 October 2003
Not for release before 11:00am Wednesday 29 October
29 October 2003
Thorntons PLC
Annual General Meeting Statement
John Thornton, Chairman of Thorntons PLC, will update today's AGM with the
following information:
"On the 15th October we announced that there had been preliminary discussions
with a private equity house that may or may not lead to an offer for the
Company. We also advised that certain of the executive directors had been
granted permission to evaluate potential sources of finance to enable the
company to be taken private.
Since that announcement I can report that a number of additional preliminary
approaches have been received from interested parties independent of the
management team. Shareholders will be kept informed as and when there is any
material development."
He will also update the meeting on recent trading as follows:
"Since our Preliminary Results Announcement in September we have seen some
improvement in the trend of own shop like for likes. The outcome for the first
half-year will, as always, depend upon Christmas trading. We continue to gain
new product listings in other retailers as part of our strategy to widen product
distribution outside our own shop estate."
For further information, please contact:
John Jackson - Non Executive Director, Thorntons PLC 07774 193033
Nick Harvey - Ingenious Corporate Finance Limited 020 7024 3666
James Fenwick - Rothschild 0113 200 1918
Charles Ryland / Catherine Miles / Tim Anderson - Buchanan
Communications 020 7466 5000
This information is provided by RNS
The company news service from the London Stock Exchange
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