Delisting from CISX

RNS Number : 2262Z

Stobart Group Limited

11 January 2011

 

For immediate release, 11^th January 2011

Stobart Group Limited

Delisting from Channel Islands Stock Exchange (CISX)

Stobart Group ('Stobart' or 'the Group') will cancel its secondary listing on CISX with effect from today Tuesday 11 January 2011.

The trading on CISX has been minimal and the delisting will reduce costs and the administrative workload of this secondary listing.

This does not affect the primary listing on the London Stock Exchange, which is maintained.

ENDS

ENQUIRIES:

INFLUENCE                                                                                       0207 2879610

James Andrew                                                                                    07772 534 985

Stobart Group                                                                                   01925 605400

Andrew Tinkler, Chief Executive Officer

Ben Whawell, Chief Financial Officer

About Stobart Group

Stobart Group is listed on the London Stock Exchange in the FTSE250 (LSE:STOB),

and is the UK leader in multimodal transport and logistics solutions.  It is one of the most recognised and strongest brands in Britain, best known for its iconic Eddie Stobart trucks. Today, Eddie Stobart is the name behind a road haulage fleet totalling 1,850 trucks and over six million square feet of cutting-edge warehousing facilities.  By size, Eddie Stobart has the best vehicle utilisation in the industry, helping to maximise efficiency and environmental benefits.  

The Group has pioneered several environmental initiatives in the industry such as modal shift from road to rail with the Stobart Rail low-carbon service that brings fresh produce into the UK from southern Europe via the Channel Tunnel. Stobart is also innovating with the creation of Stobart Biomass Products Limited, a new venture with A.W. Jenkinson - the UK leader in biomass fuels.  This positions the Group at the heart of the fast growing and transport intensive market for renewable energy.  

Stobart Group employs over 5,000 people in 40 different locations, offering multimodal logistics solutions to customers across Europe through the Stobart Rail, Stobart Ports, Stobart Air and Eddie Stobart Divisions. The Group is fast developing these divisions into industry leaders, and by developing assets such as London Southend Airport, Carlisle Lake District Airport and Mersey Multimodal Gateway in Widnes, is creating new business for the Group's core transport and logistics operations.   

www.stobartgroup.com 

 

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