30 March 2000
Sale of Fletcher Smith Limited
Booker plc announces the sale of Fletcher Smith, in which Tate & Lyle PLC has
a 35% interest, to Compagnie de Fives Lille of France.
Fletcher Smith, based in Derby, designs and supplies sugar machinery for the
cane and beet sugar industries, worldwide.
The initial consideration is £3.65 million paid in cash on completion. A
shareholder loan of £1.42 million has been repaid.
Additional consideration of up to £2.33 million will be paid on the
achievement of agreed sales targets over the 24 months to March 2002.
Stuart Rose, Chief Executive Booker plc 020 7411 5585
Steven Glew, Finance Director Booker plc 01933 371 011
Stephen Breslin Brunswick Group 020 7404 5959