Information  X 
Enter a valid email address

Yorkshire Group PLC (YOR)

  Print      Mail a friend

Thursday 19 February, 2004

Yorkshire Group PLC

Disposal

Yorkshire Group PLC
19 February 2004


PRESS ANNOUNCEMENT
FOR IMMEDIATE RELEASE
19 February 2004
YORKSHIRE GROUP PLC ('YORKSHIRE' OR THE 'COMPANY')

RESULT OF EGM

On 3 February 2004, Yorkshire announced the proposed disposal of part of the
textile dyes business operated by Yorkshire Americas, the agreement of the terms
of new banking facilities and a proposed extension of the borrowing powers of
the Directors granted at the Company's Annual General Meeting on 17 June 2003.

At the Extraordinary General Meeting of Yorkshire, which took place earlier
today, the Resolution put to Shareholders relating to the Proposed Disposal and
extension of the borrowing powers of the Directors was duly passed.

Completion of the Proposed Disposal ('Completion') remains subject to various
conditions, which are described in the circular despatched to Shareholders on 3
February 2004 (the 'Circular'). The Proposed Banking Facilities are conditional
amongst other things on Completion, which is expected to occur tomorrow.

The Company also confirms that Pat Barrett has today formally tendered his
resignation as Chairman of Yorkshire, with effect from Completion, having
previously indicated in the Circular that this was his intention.

Certain terms used in this announcement are defined in the Circular.

Enquiries:

Yorkshire Group plc                                  Tel: 0113 244 3111

Andrew Dick (Chief Executive)
Jim Perrie (Chief Financial Officer)
Malcolm Shilton (Company Secretary)

Hawkpoint Partners Limited                           Tel: 020 7665 4500

Andrew Speirs

Hogarth Partnership Limited                          Tel: 020 7357 9477

Nick Denton




                      This information is provided by RNS
            The company news service from the London Stock Exchange