Completion of Disposal

RNS Number : 4906C

De La Rue PLC

01 September 2008

 

1 September 2008

De La Rue plc ('De La Rue' or the 'Company')

Completion of Disposal

De La Rue today announces the completion of the sale of its Cash Systems business (excluding those activities relating to banknote sorters, the Cash Processing Solutions Division) to a company incorporated for The Carlyle Group for a cash consideration of £360 million on a cash and debt free basis subject to adjustment for a normalised level of working capital.

As announced on 16 June 2008, De La Rue proposes to return approximately £460 million of capital to shareholders, equivalent to 305 pence per share. The capital will be returned through a B share scheme accompanied by a share consolidation. A Circular will be sent to shareholders during October containing details of the capital return, including the basis of the share consolidation which will be determined at that time.

This announcement has been made available on the Company's website www.delarue.com

De La Rue plc                           [phone]

Leo Quinn, Chief Executive

Stephen King, Finance Director

Gary Williams, Head of Corporate Affairs

Financial Dynamics                   [phone]

Richard Mountain

Rothschild                                [phone]

Crispin Wright

Stuart Vincent

JPMorgan Cazenove                [phone]

Michael Wentworth Stanley

Dermot McKechnie

 

END

 

 

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