GSD Goldshield Grp

RNS Number:5167E
Goldshield Group PLC
02 December 2002


For Immediate Release:      Monday, 2 December 2002

                      Goldshield Group Plc ("Goldshield")

                Decision Not to Pursue Acquisition of Miza Group


As previously announced on 29 October 2002, Goldshield  indicated that it was
willing to acquire the Miza Group if acceptable terms and conditions could be
agreed with the examiner.



After careful consideration, Goldshield today announces that it has decided not
to pursue the acquisition of the Miza Group's pharmaceutical manufacturing
business in Ireland.



In the unfortunate event that Miza Pharmaceuticals is unable to continue supply
of products Goldshield is confident of finding alternate suppliers to ensure
minimum impact on sales.



Ajit Patel commented:



"We have thought long and hard about this acquisition and its implications to
our Business  going forward - I am confident that we have made the right
decision."



                                    - ENDS -



For Further Information, Please Contact:
Goldshield Group  PLC                              Tel: +44 (0) 20 8649 8500

Ajit Patel, Executive Chairman
Rakesh Patel, Finance Director

Buchanan Communications                            Tel: +44 (0) 20 7466 5000
Louise Bolton



Notes to editors:

Goldshield Group plc is a growing and profitable, marketing-led, British
pharmaceutical company based in Croydon, Surrey, it was founded in 1990, to sell
healthcare and pharmaceutical products internationally.  In June 1998 Group
floated on the London Stock Exchange and currently has a market capitalisation
of around #125 million.




                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

MSCFSUSUESESEFE

Goldshield (LSE:GSD)
Historical Stock Chart
From Jun 2024 to Jul 2024

Goldshield (LSE:GSD)
Historical Stock Chart
From Jul 2023 to Jul 2024