Carclo plc
12 May 2006
For Immediate Release 12 May 2006
Carclo plc
('Carclo')
Result of EGM
On 26 April 2006, Carclo announced that it had reached conditional agreements to
sell the business and operating assets of CTP Gills Cables Limited ('Gills) and
to sell its 50 per cent.shareholding in CTP Suprajit Automotive Ltd ('CTP
Suprajit') to Suprajit Engineering Ltd ('SEL'), (together the 'Disposal').
At the Extraordinary General Meeting held on 11 May, the resolution to approve
the Disposal was duly passed.
All other conditions having now been satisfied, completion of the Disposal has
taken place on 12 May 2006.
- Ends -
Enquiries:
Carclo plc 01924 268040
Ian Williamson, Chief Executive
Robert Brooksbank, Finance Director
Dresdner Kleinwort Wasserstein Limited 020 7623 8000
Michael Covington
Robert Dawson
Weber Shandwick Square Mile 020 7067 0700
Richard Hews
James White
Notes to Editors
• Carclo plc is a global supplier of technical plastic components. It is a
public company whose shares are quoted on the London Stock Exchange.
• 65% of sales are derived from the supply of fine tolerance, injection moulded
plastic components, which are used in medical, automotive, telecom and
electronics products. This business, Carclo Technical Plastics, operates
internationally in a fast growing and dynamic market underpinned by rapid
technological development.
• 35% of sales are derived from the supply of manufactured systems to the
automotive and aerospace industries.
• Carclo's strategy is to grow rapidly in low cost manufacturing regions and to
develop new technologies and products to underpin future growth.
This information is provided by RNS
The company news service from the London Stock Exchange