GUINNESS PEAT GROUP PLC
("GPG" or the "Company")
Market Update 2 December 2013: Chairman's comments
The 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.
The 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.
Chris Healy
Company Secretary
Guinness Peat Group plc
2 December 2013
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This information is provided by RNS