Allen PLC
21 February 2001
FOR RELEASE 7.00AM 21 February 2001
Allen Plc ('Allen' or 'Company')
(Support Services)
BEESON GREGORY APPOINTED AS ALLEN'S STOCKBROKER
Allen, which has announced that it will focus on its hire services activities
and will be re-named Speedy Hire Plc, is pleased to announce that Beeson
Gregory Limited has been appointed as the Company's stockbroker. Brewin
Dolphin Securities Ltd will remain as joint stockbroker.
David Wallis, the newly appointed Chairman of Allen, commented:
'We were impressed by Beeson Gregory's understanding of our market position
and the potential for Speedy Hire following the planned disposal programme
and, in particular, the all round strength of their team.
'We are looking forward to working closely with them during a period of
intense activity when we will be focusing on the expansion of our hire
services companies where we are continuing to see strong growth. It is our
intention to dispose of our building contracting and utility services
activities.'
For further information:
Allen Plc
John Brown,Chief Executive Officer 01204 699 277
Neil O'Brien, Finance Director 01204 699 277
Binns & Co Public Relations
Brian Coleman-Smith/ Amanda Sheehy 020 7786 9600
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