WRN Worthington Group Plc

 

TIDMWRN 
 
RNS Number : 8717M 
Worthington Group PLC 
05 February 2009 
 

Worthington Group plc 
 
 
 
 
 
 
Interim Management Statement 
 
 
Worthington Group plc provides an Interim Management Statement for the period 
from to 31 December 2008, as required by the revised UK Listing Authority's 
Disclosure and Transparency Rules. 
 
 
Head office rental receipts and costs are in line with expectations during this 
quarter. However, the trading results from our associate company - Trimmings by 
Design Limited - has not unsurprisingly deteriorated and have registered a loss 
in the quarter, of which GBP40,000 is attributable to us. This represents an 
accounting loss only and does not affect our cash position. 
 
 
Pension returns excluding property investments for the quarter were marginally 
positive in the period and broadly in line with the benchmark returns sought. 
 
 
We had been in discussions for some months with a third party who was seeking to 
merge its business with ours. These negotiations were reaching the final stages 
when the estimated charges for professional advisors to carry out the 
transaction became so burdensome as to make it not cost effective. These 
negotiations have now been terminated. 
 
 
As I have said previously our cash is proving to be a magnet for potential deals 
- and that still remains the position today. 
 
 
 
 
 
 
 
 
J C Dwek CBE 
Chairman 
 
 
5 February 2009 
 
 
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| Enquiries:                             |                                  | 
|                                        |                                  | 
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| Worthington Group plc                  |                                  | 
|                                        |                                  | 
|                                        |                                  | 
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| Joe Dwek CBE, Chairman                 |                Tel: 01625 549082 | 
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| Website :-                             |                                  | 
| www.worthingtongroupplc.co.uk          |                                  | 
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This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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