Wilmington Group Plc
08 November 2007
8 November 2007
WILMINGTON GROUP PLC
AGM AND FIRST QUARTER INTERIM MANAGEMENT STATEMENT
At today's Annual General Meeting of Wilmington Group plc, David Summers,
Chairman, will make the following statement regarding the financial position and
current trading performance:
'On 14 August 2007 we completed the disposal of our businesses serving the
Design and Construction, Catering and other specialist markets, for a cash
consideration of £12m. This is the fifth disposal in recent years and concludes
the refocusing of the Group's activities to focus on key professional business
markets. This latest disposal is expected to result in a modest pre tax gain and
the proceeds have enabled the Group to eliminate its net debt.
As indicated in my statement in the Report and Accounts the Board is encouraged
by the continued improvement in the underlying quality of the Group's earnings.
Trading at the beginning of the current financial year has begun in line with
our expectations and we remain confident of a satisfactory outcome for the
year.'
- Ends -
Enquiries:
Wilmington Group PLC
Charles Brady, Chief Executive 0207 422 6800
Weber Shandwick Financial
Nick Oborne/Georgia Dempsey/Charlie Hooper 0207 067 0700
Numis Securities
James Serjeant 0207 260 1309
Hoare Govett Ltd
Sara Hale 0207 678 8000
Notes to Editors
Wilmington Group plc is one of the UK's leading providers of information and
training for professional business markets. The Group provides training,
arranges industry events and publishes magazines, directories, databases and
special reports focused primarily on its two principal sectors of Legal &
Regulatory, and Business Information which comprises Healthcare and Media
businesses. Capitalised at approximately £200 million, Wilmington floated on the
London Stock Exchange in 1995.
This information is provided by RNS
The company news service from the London Stock Exchange
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