Business
Chairman's Comments re Market Update
Chairman's Comments re Market Update.
About this update from Coats Group Plc
[{"type":"text","content":"\n \nRNS Number : 4453U Guinness Peat Group PLC 02 December 2013 \n \n\nGUINNESS PEAT GROUP PLC\n(\"GPG\" or the \"Company\")\n \n \nMarket Update 2 December 2013: Chairman's comments\n \n \n \n \nThe GPG Board is deeply concerned that despite the enormous cost and management effort which the regulatory intervention is imposing on both GPG and Coats, we are still not close to a conclusion of these matters. It is and will remain a principle of the GPG transition process that there be fair and compliant settlement of pension issues. The regulatory intervention is hindering rather than assisting such settlement.\nThe Board continues to actively seek resolution and assures shareholders that every avenue to achieve the transition in the best interests of shareholders and the ongoing business of Coats is being pursued.\n \n \n \nChris Healy\nCompany Secretary\nGuinness Peat Group plc\n\n2 December 2013\n \n \n \n \nEnquiry details are:\n \nNew Zealand and Australian media: Geoff Senescall on: +64 9 309 5659\nUK media:  ...