Camellia PLC
18 April 2007
Camellia Plc
Disposal of Investment
18th April 2007
Getaz Romang Holding AG ('Getaz Romang'), a company listed on the Swiss Stock
Exchange in which Lawrie International Limited ('Lawrie'), a Bermudian wholly
owned subsidiary of Camellia Plc, holds 12,340 shares (approximately 2.50%) has
been the subject of a successful public tender offer by CRH Europe Holding BV
('CRH'). Getaz Romang is a leading buildings material distributor in
Switzerland.
CRH has announced that it now controls 96.79% of the share capital of Getaz
Romang but that the offer remains open subject to the fulfillment of certain
procedural conditions with the offer expected to be settled on 18th May 2007.
Lawrie expects to receive at present exchange rates approximately £5.8million
for its shares in Getaz Romang of which around £4.9million is profit. Part of
the proceeds will be used by Lawrie to reduce bank borrowings.'
For further enquiries please contact Camellia Plc
Malcolm Perkins, Chairman
01622 746655
18th April 2007
This information is provided by RNS
The company news service from the London Stock Exchange