Shareholding Notification

RNS Number : 6019U

Worthington Group PLC

17 October 2014

 



Worthington Group plc ("the Company" or "Worthington")

 17^th October2014

FOR IMMEDIATE RELEASE

Shareholding notification

The Company received notification on 10^th October 2014 that Liberty Capital Ltd, (in liquidation) ("Liberty"), a British Virgin Islands registered Company, had disposed of its entire holding of 1,980,000 ordinary shares in the Company. Bearing in mind that the company was notified on 3^rd September 2012 that Liberty no longer had a notifiable interest in the Company, and had received no further notifications from Liberty, the Company has undertaken a verification exercise to ensure the authenticity of the notification. The Company is now satisfied that the notifications received on 10^th October 2012 are correct. The Company has not been able to establish whether the shares sold by the liquidator of Liberty were held beneficially for Liberty or not.

Commenting on the news Doug Ware CEO said:  "It is good that this finally draws a line under the involvement of Liberty as a shareholder of the Company, and that this legacy overhang of shares has been removed. We welcome our new shareholders, and look forward to a bright future as we continue to build the Company into a large scale international investment Company, we will be making a further announcement in this regard very shortly".

The following notifiable disposals/purchases of ordinary shares in the Company have been reported to Worthington:

1.    On 10^th October 2014, the Company was informed by the liquidator that, following disposals of ordinary shares in the Company, Liberty Capital Ltd (in liquidation) no longer had a notifiable interest in the Company's issued share capital.

2.    On 10^th October 2014, the Company was informed that, following purchases of ordinary shares in the Company, Peel Hunt LLP held a notifiable interest of 10.05% in the Company's issued share capital.

3.   On 10^th October 2014, the Company was informed that, following disposals of ordinary shares in the Company, Peel Hunt LLP no longer held a notifiable interest in the Company's issued share capital.

About Worthington Group Plc ("Worthington")

Worthington (Stock Exchange LSE: WRN) is a British investment company that  celebrates its 60th anniversary as a London Stock Exchange main market listed company this year. The company has four areas of investment focus: property, litigation claims, new economy and emerging markets. The Company believes that exceptional shareholder returns can be achieved by utilising its main market Sterling paper to acquire investments in these sectors worldwide.

Note: Forward-looking statements contained in this announcement, including Worthington's strategy and plans, as well as expectations for future revenue and earnings, reflect Worthington's current views and assumptions with respect to future events and are subject to certain risks, uncertainties and assumptions. There are many factors that may cause actual results achieved to differ materially from expectations for future results and expectations that may be expressed in or form an assumption of such forward-looking statements. Such factors include risks related to the day to day business of Worthington, client volatility, sales fluctuations, the general economic climate, political and environment and other risks, cancellations, software failures and interruption to service to customers due to technical problems, acquisition delays and failure as well as other uncertainties related to the results of Worthington including risks of delays or closure of projects, price falls, currency fluctuations and changes in contract terms, legislation and administrative practices, as well as competition risk and other unforeseen factors. If one or more of such risks or factors of uncertainty were to materialise, or should one or more of the statements provided prove to be incorrect, actual developments may differ materially from the forward-looking statements contained in this announcement.

 Enquiries:

Charlotte Parham, Media information                           Tel: [phone]

Or email: [e-mail]

PD Cosec - Company Secretary                                        Tel: [phone]

Website: www.worthingtongroupplc.com

Statement ends.

 

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