Business
Proposed Disposal
Proposed Disposal.
About this update from Wilmington Plc
[{"type":"text","content":"\n Wilmington Group Plc\n06 June 2007\n\n\nEmbargoed until 0700 6 June 2007\n\n \n\n Wilmington Group plc \n \n Proposed Disposal of Non-Core Assets \n\n\nThe Board of Wilmington Group plc ('Wilmington' or 'the Group') confirms that it\nhas conducted a strategic review of its business and has concluded that\nWilmington should focus on its Professional Markets business. This comprises its\nLegal & Regulatory, Healthcare and Media & Entertainment activities, which\naccounted for approximately 93% of group profits before tax in the year to June\n2006. Wilmington is therefore proposing to sell its interests in other, non-core\nmarkets.\n\nThe proposed disposal includes the Group's businesses in the Design,\nConstruction, Power, Catering, Automotive and Specialist markets. Grant Thornton\nhas been appointed to conduct the sale. The Board expects to issue a further\nstatement at the conclusion of the process.\n\nCharles Brady, Chief Executive, commented\n'Our aim remains to significantly grow the revenues and profits of the Group\norganically and by acquisition. By focussing our investment and resources the\nGroup will be better positioned to accelerate the development of training and\ninformation businesses in its core markets. The businesses for sale have\nbenefited from significant investment in the last 24 months and have excellent\nprospects. The Group's performance remains in line with our expectations.'\n\n - ends - \n\n \nEnquiries:\n\nWilmington Group PLC\nCharles Brady, Chief Executive 020 7422 6800\n\nGrant Thornton Corporate Finance\nStuart Sparkes 0870 324 2631\n\nNumis Securities\nJames Sergeant 020 7260 1309\n\nHoare Govett\nSara Hale / John Fishley 020 7678 8000\n\nWeber Shandwick Financial\nNick Oborne 020 7067 0700\n\n\nNotes to Editors\nWilmington Group plc is one of the UK's leading providers of information and\ntraining for professional business markets. The Group provides training,\narranges industry events and publishes magazines, directories, databases and\nspecial reports focused primarily on its three principal sectors of Legal &\nRegulatory, Healthcare and Media & Entertainment. Capitalised at approximately\n£210 million, Wilmington floated on the London Stock Exchange in 1995.\n\n \n\n \n\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange\n \...