Creston PLC
3 March 2000
At the extraordinary meeting of the Company held today, the resolution to
dispose of a porfolio of property to certain subsidiaries of Ashtenne Holdings
plc on terms set out in the Circular to shareholders dated 16 February 2000
was approved.
CHANGE OF ACCOUNTING REFERENCE DATE
At a Board Meeting held today the Board resolved to change the Company's
accounting reference date to 31 March from 30 June. Accordingly, the Company's
next financial period end will be for the nine months ended 31 March 2000.
CONVERSION OF UNSECURED REDEEMABLE CONVERTIBLE 6.5% LOAN NOTE 2004
A conversion notice has been received from the trustees of the W and J Pension
Fund in respect of the conversion of the £800,000 Unsecured Redeemable
Convertible 6.5% Loan Note 2004 (the 'Loan Note') under which the Loan Note is
convertible into 551,724 ordinary shares of the Company. Listing has been
applied for in respect of such shares.
EXERCISE OF SHARE OPTIONS
Subscription rights under the Creston plc Share Option Scheme have been
exercised in respect of 10,000 ordinary shares of 10 pence each and listing
has been applied for in respect of such shares.