Disposal
February 23 2004 - 4:55AM
UK Regulatory
RNS Number:6925V
Yorkshire Group PLC
23 February 2004
PRESS ANNOUNCEMENT
FOR IMMEDIATE RELEASE
23 February 2004
YORKSHIRE GROUP PLC ("YORKSHIRE" OR THE "COMPANY")
PROPOSED DISPOSAL OF PART OF YORKSHIRE AMERICAS, INC., NEW BANKING
FACILITIES AND BOARD CHANGES
On 3 February 2004, Yorkshire announced the proposed disposal of part of the
textile dyes business operated by Yorkshire Americas, the agreement of the terms
of new banking facilities and a proposed extension of the borrowing powers of
the Directors granted at the Company's annual general meeting on 17 June 2003.
Following receipt of shareholder approval at the Extraordinary General Meeting
of Yorkshire on 19 February 2004, the Company is pleased to announce that the
Proposed Disposal and Proposed Banking Facilities have both become unconditional
in all respects. As a result, Pat Barrett's resignation as Chairman of Yorkshire
is now effective, with Andrew Dick assuming the additional role of Chairman on
aninterim basis.
Certain terms used in this announcement are defined in the circular despatched
to Shareholders on 3 February 2004.
Enquiries:
Yorkshire Group plc Tel: 0113 244 3111
Andrew Dick (Chief Executive)
Jim Perrie (Chief Financial Officer)
Malcolm Shilton (Company Secretary)
Hawkpoint Partners Limited Tel: 020 7665 4500
Andrew Speirs
Hogarth Partnership Limited Tel: 020 7357 9477
NickDenton
This information is provided by RNS
The company news service from the London Stock Exchange
END
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