Nwf Group PlcLSE: NWF

Settlement of legal claim made by the company

· Issued by NWF Group plc
Watch Nwf explain itNWF GROUP PLC (NWF) — Full Year Results · Replay · Jul 28
RNS Number : 6217I
NWF Group PLC
27 March 2015
 

NWF Group plc

For release 27 March 2015

NWF Group plc ('NWF' or 'the Group')                                                                                                        

NWF Group plc: Settlement of legal claim made by the company

NWF Group plc, the specialist agricultural and distribution business, announces that it has reached an agreed settlement in respect of a legal claim made by the Company.

As a result of this settlement NWF expects to receive a one off cash payment. This will result in an improvement in the Company's expected year-end net debt position in the region of £2.0 million for the current financial year. The benefit attributable to the income statement will be reported as an exceptional item in the Group's accounts for the year ending 31 May 2015.

For further information please visit www.nwf.co.uk or contact:

 

Richard Whiting, Chief Executive
Brendon Banner, Finance Director
NWF Group plc
Tel: 01829 260 260

Simon Hudson /
Andrew Dunn
Tavistock Communications
Tel: 020 7920 3150

Justin Jones /
Mike Bell
Peel Hunt LLP
(Nominated Adviser)
Tel: 020 7418 8900

This information is provided by RNS
The company news service from the London Stock Exchange
 
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