Cropper(James) PLC
10 July 2007
Issued by Citigate Dewe Rogerson Ltd, Birmingham
Date: Tuesday 10 July 2007 Immediate Release
James Cropper PLC ('the Company')
Sale of shares by James Cropper PLC Pension Scheme
('the Scheme')
In late 2004, the Trustees of the Scheme undertook a review of the Scheme's
Investment Strategy in conjunction with its Advisers.
The aim of the review was to align the Scheme's assets with the changing age
profile of its membership resulting from the closure of the Scheme to new
membership in 1999. As a result of this review the Trustees have embarked upon a
Strategy that will progressively increase the proportion of its funds held in
bonds with a consequent reduction in equities.
The Company was notified on 2 July 2007 that the Scheme had sold 50,000 ordinary
shares of 25 pence each in the Company ('Ordinary Shares') at a price of £2.40
pence per Ordinary Share. Following this disposal the Scheme now holds 181,000
Ordinary Shares representing 2.25% per cent of the Company's issued ordinary
share capital.
Executive Directors of the Company, Mr John Malcolm Denman and Mr Nigel Anthony
Read are Trustees of the Scheme and are therefore deemed to have a
non-beneficial interest in the Scheme.
Enquiries:
Alun Lewis, Chief Executive Fiona Tooley, Director
James Cropper PLC Keith Gabriel, Senior Account Manager
Citigate Dewe Rogerson
Ian Valentine, Tel: 0121 455 8370
Trustee,
James Cropper PLC Pension Scheme
Tel: 01539 722002
www.cropper.com Ifor Williams, Director
Brewin Dolphin Securities Limited
Telephone: 0121 236 7000
This information is provided by RNS
The company news service from the London Stock Exchange
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