Business Post Group PLC
31 January 2002
31 January 2002
BUSINESS POST GROUP plc
Comment on Postcomm report
Business Post welcomes the report issued this morning by the Postal Services
Commission ('Postcomm'), the postal industry regulator, which will permit it to
expand its mail operations.
The report indicates that Business Post's subsidiary, UK Mail, will be able to
secure an indefinite licence from April 2002 for collections by all its 63
depots (whereas previously Postcomm had awarded UK Mail a one year interim
licence for 12 depots). Accordingly, UK Mail's service will be open to all
business mail senders.
In the light of the above, Paul Carvell, Chief Executive of Business Post,
confirmed that Business Post would be revisiting the original business plan in
anticipation of an enlarged operation. Consequently, a delay may occur in
launching the new enlarged service, but it is still anticipated that it will
commence in the Spring or early Summer of 2002.
Business Post Group plc
Paul Carvell (Chief Executive) 0121-335 1000
Peter Fitzwilliam (Finance Director) 01753-706 070
Bankside Consultants Limited
Charles Ponsonby 020-7444 4166
Notes for editors:
Business Post Group is one of the UK's leading express parcel delivery companies
and the largest not to be owned by a national Post Office. On 20 November 2001,
its subsidiary, UK Mail, was awarded a one-year interim licence by Postcomm, to
take effect from 1 April 2002. Under the interim licence, UK Mail is allowed to
collect mail from business customers, sort it and transport it to the relevant
Consignia local delivery office, for Consignia to undertake the final delivery.
This information is provided by RNS
The company news service from the London Stock Exchange