Associated British Engineering PLC
1 June 2000
Associated British Engineering plc announces the resignation of Mr M J Barry,
Group Chief Executive, and Mr P I Janardanan, the Managing Director Of the
Middle East Operations with effect from 31 May 2000.
The plan set out in the circular dated 5th November 1999, to shareholders for
the sale of the Middle East operations and the withdrawal from Catering
Equipment is well on the way to completion and the group is now in a net cash
position. The Board is considering a number of proposals for the future
direction of the Company and will communicate further with shareholders as soon
as firm plans have been formulated.
Mrs K M Hill
Finance Director