20 July 2005
LAWRENCE plc
Completion of Blackfast sale and Results announcement date
On 31 March 2005 Lawrence plc exchanged contracts to sell the business and
assets of Blackfast Chemicals, its room temperature blacking division, to its
management team for a cash consideration of £1.3 million.
Lawrence is now pleased to announce that the transaction has completed.
Lawrence will announce its Results for the Year ended 31 March 2005 on 29 July
2005.
Peter Lawrence, Chairman of Lawrence plc, commented:
"This is a further step in the implementation of our strategy to focus on our
global animal health and feed additive businesses. I am sure that Blackfast
will continue to flourish under its management team".
Contacts:
Peter Lawrence
Chairman, Lawrence plc
020 8336 2900
Anthony Spiro
Spiro Financial
020 8949 0428
Philip Davies
Charles Stanley & Co
020 7953 2000
Lawrence plc is a leader in the development, manufacture and distribution of
principally specialist chemical and pharmaceutical products for the animal
health and farming markets worldwide. Our products for these growth markets
incorporate natural ingredients to promote well-being and sustainability. We
achieve our financial goals through the careful and responsible application of
science to generate value for our shareholders.
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