Business
Result of EGM
Result of EGM.
About this update from Carclo Plc
[{"type":"text","content":"\n Carclo plc\n11 May 2006\n\n\n\nFor Immediate Release 11 May 2006\n\n Carclo plc\n ('Carclo')\n\n Result of EGM\n\nOn 26 April 2006, Carclo announced that it had reached conditional agreements to\nsell the business and operating assets of CTP Gills Cables Limited ('Gills) and\nto sell its 50 per cent.shareholding in CTP Suprajit Automotive Ltd ('CTP\nSuprajit') to Suprajit Engineering Ltd ('SEL'), (together the 'Disposal').\n\nThe Disposal is conditional, inter alia, upon satisfactory completion of the UK\nemployee consultation process, receipt of formal clearance from the Pensions\nRegulator and approval by Carclo shareholders.\n\nThe ordinary resolution to approve the Disposal was duly passed at the\nExtraordinary General Meeting held earlier today.\n\nAll other conditions having been satisfied, completion of the Disposal is\nexpected to take place on 12 May 2006.\n\n - Ends-\n\nEnquiries:\nCarclo plc 01924 268040\nIan Williamson, Chief Executive\nRobert Brooksbank, Finance Director\n\nDresdner Kleinwort Wasserstein Limited 020 7623 8000\nMichael Covington\nRobert Dawson\n\nWeber Shandwick Square Mile 020 7067 0700\nRichard Hews\nJames White\n\nNotes to Editors\n\n• Carclo plc is a global supplier of technical plastic components. It is a \npublic company whose shares are quoted on the London Stock Exchange.\n\n• 65% of sales are derived from the supply of fine tolerance, injection moulded \nplastic components, which are used in medical, automotive, telecom and \nelectronics products. This business, Carclo Technical Plastics, operates \ninternationally in a fast growing and dynamic market underpinned by rapid \ntechnological development.\n\n• 35% of sales are derived from the supply of manufactured systems to the \nautomotive and aerospace industries.\n\n• Carclo's strategy is to grow rapidly in low cost manufacturing regions and to \ndevelop new technologies and products to underpin future growth.\n\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange\n \n ","length":2568,"tagName":"div"}]