DE LA RUE PLC
1 October 1999
COMPLETION OF CARD BUSINESS DISPOSAL
De La Rue plc has today completed the £200 million
disposal of the card activities of its Card Systems
division to Francois-Charles Oberthur Fiduciaire of
France.
As previously announced on 31 August 1999, having
successfully completed the disposal, Kevin Loosemore,
Managing Director of the Card Systems division and a
Board director of De La Rue plc will leave the company on
31 October 1999.
Commenting on Kevin Loosemore's departure, Ian Much,
Chief Executive, said: 'I have greatly enjoyed working
with Kevin in the short time that we have been together,
and value the contribution he has made to De La Rue and
the part he played in the disposal of the Cards
business.'
A further announcement will be made in due course
regarding the proposed return of capital of not less than
£100 million (44 pence per share).
Press Enquiries:
De La Rue plc
Paul Hollingworth Tel: 01256 605307
Group Finance Director
Mark Fearon Tel: 01256 605303
Head of Corporate Affairs
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