Disposal of Interest

Norish PLC 19 June 2000 NORISH PLC SALE OF MINORITY SHAREHOLDING IN CASTLEBLAYNEY COLD STORES Norish plc ('Norish') announces the disposal of its 30% minority interest in the cold storage business operated at Castleblayney, Co. Monaghan for a cash consideration of STG£300,000. The interest has been purchased by the majority shareholder in the business, the Molloy & Sherry Group. The funds will be utilised to reduce Norish borrowings. Norish's share of the profits of its associated undertaking for the year ended 31 December 1999 was STG£194,000 and the net assets were not consolidated in the Norish accounts. Norish has concentrated on developing its business in Britain in recent years and recently expanded its cold storage network further in that market with the acquisition of East Kent Cold Storage Company Ltd. During 1999 Norish acquired a leading UK ambient warehousing group, BWA, which specialises in storage and added-value services to the cocoa and coffee industries. For reference: Murray Consultants: Joe Murray Tel: 353 1 632 6400
UK 100

Latest directors dealings