Filtronic PLC
30 November 2007
For immediate release
30 November 2007
Filtronic plc
Announcement of negotiations for the sale of
Filtronic Compound Semiconductors Limited
Filtronic plc announces that it has agreed non binding heads of terms with a
selected party in relation to the intended purchase by that party of the entire
issued share capital of Filtronic Compound Semiconductors Limited for no initial
consideration with the potential for deferred consideration dependent on the
achievement of certain targets and with this company's pension liabilities
remaining with Filtronic plc. These terms include specified confirmatory due
diligence that must be completed by the proposed purchaser prior to the
execution of a definitive legal agreement.
Contact details
Filtronic plc:
John Poulter, Chairman 01274 415 306
Charles Hindson, Chief Executive 07800 706 319 (mobile)
Parkgreen Communications: 020 7479 7933
Ben Knowles 07900 346 978 (mobile)
This information is provided by RNS
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