Worthington Group PLC
06 February 2008
Interim Management Statement
Worthington Group plc provides an Interim Management Statement for the period
from I October 2007 to 31 December 2007.
Trading for the period is in line with management expectations with both head
office costs and rents receivable being in line with budget. The capital and
interest due in respect of the Eccleshill monies have now been received and have
been placed on deposit.
Pension returns for the quarter have suffered in line with the property and
equity markets and we continue to monitor the investment managers performance.
We are continuing discussions with the Pension Trustees over future funding of
the Pension Scheme deficit following the tri-annual actuarial review as at April
2007. We expect to report further and more fully on the outcome as part of the
full year results to 31 March 2008.
The Keighley site remains well occupied although no further progress has been
made on possible redevelopment given current property market conditions.
We continue to look for suitable investment opportunities and new business for
the Group.
J C Dwek CBE
Chairman
6 February 2008
Enquiries:
Worthington Group plc
Joe Dwek CBE, Chairman
Tel: 01625 549082
Website : www.worthingtongroupplc.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange
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