Claims Direct PLC
22 May 2002
For immediate release 22 May 2002
Claims Direct plc
('Claims Direct' or 'the Company')
Disposal of Sailpool Ltd
Claims Direct is pleased to announce the disposal of Sailpool Ltd. Sailpool, a
non-trading subsidiary of Claims Direct, will be sold for the consideration of
£1.65 million cash after costs. The net asset value of Sailpool at the date of
sale was zero. Claims Direct will use the proceeds from the sale for working
capital purposes.
Ronnie Henderson, Chief Executive of Claims Direct commented:
'We are delighted to complete the sale of Sailpool and the injection of cash
will be used as working capital for a number of ongoing projects.'
- Ends -
For further information please contact:
Claims Direct plc 01952 284800
Ronnie Henderson, Chief Executive www.claimsdirect.com
Weber Shandwick Square Mile 0207 950 2800
Reg Hoare/Christian Taylor-Wilkinson
This information is provided by RNS
The company news service from the London Stock Exchange
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