Dickinson Legg Group PLC
01 July 2005
Dickinson Legg Group PLC
Trading Update
Spooner Leasehold property
The result for the year ending 30 June 2005 is expected to be marginally ahead
of management expectations. Dickinson Legg Ltd and Spooner Industries made good
progress in the second half year, as anticipated at the time of the interim
results.
Order intake for capital equipment at the tobacco business has been slow, but we
are encouraged by the quality of enquiries for both tobacco and air drying
products. Nonetheless, until a number of these enquiries are converted into
orders, trading will continue to be difficult and the outlook for the
forthcoming year uncertain.
Agreement has been reached with the Landlord of the leasehold premises occupied
by Spooner Industries in Ilkley, West Yorkshire, to vacate the current premises
within two years. The agreement provides for Spooner to have purpose built
freehold premises on an adjacent site, through a combination of land and cash
worth circa £3.8 million. Payment will be received over a two year period. The
Company will benefit from a one time exceptional profit of approximately £3.3
million in this financial year.
For further information contact:
Dickinson Leg g Group PLC 01962 841788
Tom Mackie, Chief Executive
David Heath, Finance Director
Rowan Dartington 0117 9330010
Barrie Newton
This information is provided by RNS
The company news service from the London Stock Exchange