Wincanton PLC
04 February 2005
For Immediate Release 4 February 2005
WINCANTON plc
Wincanton announces that PGN Logistics ('PGN') , a joint venture company in
which Wincanton has a 50% interest , has been in discussions with its principal
customer about the possible termination of its contract with PGN and the
recovery of amounts receivable from the customer. It is now expected that these
matters will be resolved through arbitration.
In the year to 31 March 2004, PGN contributed approximately £1.8m to Wincanton's
adjusted earnings, after taxation and a minority interest charge.
Wincanton does not expect there to be any material impact on adjusted pre-tax
profit and earnings in the year to 31 March 2005.
Contact:
Wincanton
Paul Bateman, Chief Executive ) Today only: 020 7466 5000
Gerard Connell, Group Finance Director ) Thereafter: 01963 828282
Charles Carr, Corporate Communications Director )
Buchanan Communications
Charles Ryland/Jeremy Garcia 020 7466 5000
This information is provided by RNS
The company news service from the London Stock Exchange TILFFTFRIVIIE
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