DCC PLC
14 February 2007
Manor Park Homebuilders
As noted in DCC's Stock Exchange announcement on Friday last, 9 February 2007,
DCC is seeking to maximise value from certain property assets owned by the
Group, including its 49% shareholding in Manor Park Homebuilders Limited
('Manor Park').
DCC has now reached agreement with Joe Moran, who owns 51% of Manor Park, to
seek offers for 100% of the share capital of Manor Park. For this purpose, DCC
and Joe Moran have today jointly appointed Goodbody Corporate Finance and IBI
Corporate Finance to carry out a formal sale process.
DCC will sell its shareholding if a price is offered which, in the opinion of
the Board of DCC, is in the best interests of DCC shareholders. A further
announcement will be made in due course.
For reference:
Jim Flavin, Chief Executive/Deputy Chairman
Conor Murphy, Investor Relations Manager
Telephone: +353 1 2799400
Email: investorrelations@dcc.ie
Web: www.dcc.ie
Note to Editors
Established in 1979, Manor Park Homebuilders Limited is a leading Irish
residential and commercial property development company. DCC and Joe Moran
own 49% and 51% respectively of its share capital.
DCC plc is a sales, marketing and business support services group focused on
the energy, IT and entertainment products, healthcare, food and beverage and
environmental markets. DCC's shares are listed on the Irish and London Stock
Exchanges. DCC's market capitalisation is approximately €2 billion.
This information is provided by RNS
The company news service from the London Stock Exchange
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