Hays PLC
24 March 2004
24 March 2004
HAYS PLC
DISPOSAL OF RENTACRATE AND MANAGEMENT SUPPORT SERVICES BUSINESSES
Hays plc is pleased to announce the disposal of its Rentacrate business for a
cash consideration of £4.0m. The Management Support Services business has also
been disposed for a nominal consideration.
In the year ended 30 June 2003 the businesses disposed generated turnover of
£11.6m and recorded operating losses of £1.0m. After tax and transaction costs,
the net proceeds are expected to amount to £3.7m. Tangible net assets disposed
amount to £2.2m.
Enquiries:
Jon Coles, Brunswick +44 (0) 20 7404 5959
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