Filtronic PLC
30 November 2007
For immediate release
30 November 2007
Filtronic plc
Announcement of negotiations for the sale of
Filtronic Compound Semiconductors Limited
Filtronic plc announces that it has agreed non binding heads of terms with a
selected party in relation to the intended purchase by that party of the entire
issued share capital of Filtronic Compound Semiconductors Limited for no initial
consideration with the potential for deferred consideration dependent on the
achievement of certain targets and with this company's pension liabilities
remaining with Filtronic plc. These terms include specified confirmatory due
diligence that must be completed by the proposed purchaser prior to the
execution of a definitive legal agreement.
Contact details
Filtronic plc:
John Poulter, Chairman 01274 415 306
Charles Hindson, Chief Executive 07800 706 319 (mobile)
Parkgreen Communications: 020 7479 7933
Ben Knowles 07900 346 978 (mobile)
This information is provided by RNS
The company news service from the London Stock Exchange X
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.