DE LA RUE PLC
28 October 1999
ANALYST AND SHAREHOLDER VISITS
De La Rue plc is taking a party of analysts and shareholders to view its
papermaking and banknote facilities based at Overton and Malta today and
tomorrow. The purpose of the visits is to provide an overview of the Currency
and Cash Systems operations. As the visit is in the 'closed period' no
trading update will be given.
The key themes will be:
The reorganisation of banknote operations in Currency has been completed and
is on track to deliver benefits. The business is now less volume driven and
will continue to focus on the top and middle end of the market.
The security products operations are concentrating on improving operational
efficiency, lowering costs and making the business more service orientated.
In Cash Systems division the main emphasis has been to implement the
rationalisation plan we announced on 16 March this year. The process is going
to plan.
Development of the new Services and Solutions division, the creation of which
was announced earlier this year is on track. We are pleased to announce today
the appointment of Christopher Chadwick as Managing Director of this division
who will join us on 15 November. Among the existing businesses which will
form the initial nucleus of the division are Identity Systems, Transaction
Services, Holographics, Brand Protection and Royal Mint Services.
Ian Much, Chief Executive, will tell analysts: 'The sale of our Card Business,
completed on 1 October will result in the Group focussing on the retained
businesses and on the start up of the new Services & Solutions division where
we see scope for considerable growth.'
Copies of the presentations are available from the company on request.
For further information please contact:
De La Rue plc
Paul Hollingworth, Finance Director 01256 605307
Mark Fearon, Head of Corporate Affairs 01256 605303
Pager: 07654 284191
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