Genus PLC
21 March 2001
FOR IMMEDIATE RELEASE 21 March 2001
GENUS plc
Sale of Human Pharmaceuticals Business
The Distribution Division of Genus plc completed the sale of the stock and
goodwill of its £2.6 million per year human pharmaceuticals wholesale business
on 15 March to Audenbrook Ltd. The consideration was £352,000 in cash.
Genus Distribution is a marketer and wholesale distributor of veterinary
products. The sale of this non-core human pharmaceutical business will enable
the Division's new management to concentrate its efforts on the recovery of
the Division's principal businesses in the veterinary sector.
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FOR FURTHER INFORMATION, PLEASE CONTACT:
Genus
Richard Wood, Chief Executive Tel: +44 (0)1270 536501
Buchanan Communications
Charles Ryland / Catherine Miles Tel: +44 (0)207 466 5000
Notes to Editors:
In July 2000 Genus moved from OFEX to the Alternative Investment Market of the
London Stock Exchange and now trades in over 70 countries through its three
divisions:
* Genus Breeding is the global market leader in cattle Breeding. Its
cutting edge technology is being used to improve the quality of beef and dairy
herds worldwide.
* Genus Consulting offers advice to the complete food chain including
solutions for farmers, growers, food manufacturers, agri-business and national
and international policy makers.
* Genus Distribution is a marketer and wholesale distributor of
veterinary products.