Wilmington Group Plc
06 June 2007
Embargoed until 0700 6 June 2007
Wilmington Group plc
Proposed Disposal of Non-Core Assets
The Board of Wilmington Group plc ('Wilmington' or 'the Group') confirms that it
has conducted a strategic review of its business and has concluded that
Wilmington should focus on its Professional Markets business. This comprises its
Legal & Regulatory, Healthcare and Media & Entertainment activities, which
accounted for approximately 93% of group profits before tax in the year to June
2006. Wilmington is therefore proposing to sell its interests in other, non-core
markets.
The proposed disposal includes the Group's businesses in the Design,
Construction, Power, Catering, Automotive and Specialist markets. Grant Thornton
has been appointed to conduct the sale. The Board expects to issue a further
statement at the conclusion of the process.
Charles Brady, Chief Executive, commented
'Our aim remains to significantly grow the revenues and profits of the Group
organically and by acquisition. By focussing our investment and resources the
Group will be better positioned to accelerate the development of training and
information businesses in its core markets. The businesses for sale have
benefited from significant investment in the last 24 months and have excellent
prospects. The Group's performance remains in line with our expectations.'
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Enquiries:
Wilmington Group PLC
Charles Brady, Chief Executive 020 7422 6800
Grant Thornton Corporate Finance
Stuart Sparkes 0870 324 2631
Numis Securities
James Sergeant 020 7260 1309
Hoare Govett
Sara Hale / John Fishley 020 7678 8000
Weber Shandwick Financial
Nick Oborne 020 7067 0700
Notes to Editors
Wilmington Group plc is one of the UK's leading providers of information and
training for professional business markets. The Group provides training,
arranges industry events and publishes magazines, directories, databases and
special reports focused primarily on its three principal sectors of Legal &
Regulatory, Healthcare and Media & Entertainment. Capitalised at approximately
£210 million, Wilmington floated on the London Stock Exchange in 1995.
This information is provided by RNS
The company news service from the London Stock Exchange