D.F.S. Furniture Company PLC
11 March 2004
For Immediate Release
11 March 2004
DFS Furniture Company PLC ('DFS' or 'the Company')
Formation of Independent Committee
Following the announcement on 4 March 2004 in relation to a possible offer for
the Company by Graham Kirkham, Executive Chairman, DFS announces that an
independent committee of the Board has been formed to consider this proposal in
more detail.
The members of the independent committee are Michael Blackburn, senior
independent non-executive director, who will chair the committee, together with
Kevin Morley and Malcolm Walker, non-executive directors.
In accordance with the City Code on Takeovers and Mergers, neither Jon Massey
nor Bill Barnes will be a member of the independent committee as a result of the
possibility of continuing executive roles being offered to them by Graham
Kirkham in the event of a successful offer for DFS.
Further announcements will be made in due course .
Enquiries:
Keith Hann 07831 521 870
Citigroup (financial adviser) 020 7986 4000
William Barter
Mark Todd
Deutsche Bank (corporate broker) 020 7545 8000
Charles Wilkinson
Rupert Green
Citigroup Global Markets Limited and Deutsche Bank AG are acting for DFS and
no-one else in connection with the possible offer and will not be responsible to
any other person for providing the protections afforded to clients of Citigroup
Global Markets Limited or Deutsche Bank AG or for providing advice in relation
to the possible offer.
This information is provided by RNS
The company news service from the London Stock Exchange V