Reece PLC
26 June 2000
Subsequent to the successful offer by YJL plc for Britannia
Group plc in April 2000, YJL plc has become the beneficial
owner of 29.9% of the issued share capital of Reece. Peter
Gyllenhammar, the deputy chairman of YJL, accepted an
invitation to join the Board of Reece as a non-executive
director with effect from 23 June 2000. On the same date
Steve Smith decided to resign from the Board of Reece as he
will be leaving YJL at the end of August.