Norish PLC
21 July 2000
NORISH PLC
FTSE RECLASSIFICATION
The FTSE Global Classification Committee has announced that it plans to
reclassify Norish plc ('Norish') as Industry Sector 58 'Support Services', sub
sector 581 'Business Support Services' at the close of business today (Friday
21st July).
The announcement, removing Norish from its current classification as Industry
Sector 59 'Transport', more accurately reflects the nature of Norish's current
business in the provision of warehousing and allied services to food and
non-food sectors. Norish provides these services through ambient warehouses
operated by its subsidiary, BWA, and in a temperature controlled environment
via its cold storage division, Norish Food Care.
Norish has concentrated on developing its business in Britain in recent years
and has recently announced BWA's acquisition of the goodwill and fixed assets
of RSH Flowers (Distribution) Ltd's ambient warehousing business based at
Beningbrough, near York. Norish also recently expanded its cold storage
network further in the market with the acquisition of East Kent Cold Storage
Company Ltd.
For reference:
Norish plc
Greg O'Hara Tel: ++353 (01) 835 0790
Murray Consultants:
Joe Murray Tel: ++353 (01) 632 6400