Disposal

RNS Number : 3384P

Creston PLC

14 July 2010

 



CRESTON PLC

("Creston" or the "Company")

COMPLETION OF SALE OF THE DLKW GROUP

Further to the announcement made on 13 July 2010 that the resolution to approve the Disposal of the DLKW Group was duly passed at the General Meeting held yesterday, the Board is pleased to announce that it has today completed the sale of the DLKW Group to Lowe for a total consideration of £28 million.

Enquiries:

Creston plc                                                             Tel:          [phone]

David Grigson, Chairman

Don Elgie, CEO

Barrie Brien, COO/CFO

Investec                                                                 Tel:          [phone]

Erik Anderson

M:Communications                                                 Tel:          [phone]

Elly Williamson

Capitalised terms used, but not defined, in this announcement have the same meanings as given to them in the circular sent by the Company to Shareholders dated 28 June 2010 unless the context requires otherwise.

Investec, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting exclusively for Creston and no one else in connection with the Disposal and this announcement and will not be responsible to anyone other than Creston for providing the protections afforded to clients of Investec nor for providing advice in connection with the Disposal or this announcement or any matter referred to herein.

 

END

 

 

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