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Wescol Group PLC (WCL)

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Tuesday 03 September, 2002

Wescol Group PLC

Request to Suspend Trading

Wescol Group PLC
03 September 2002


3 September 2002

Embargoed for 7.30 am


Wescol Group PLC


Notice of request of Wescol Group PLC to suspend trading



The Board of Wescol Group PLC ('Wescol' or the 'Company') earlier today issued
the following statement:

'The Group is experiencing severe financial difficulties during its turnaround
and physical reorganisation period, which has been aggravated by slow payment on
certain contracts and difficult industry conditions. The Group, in conjunction
with its bank and substantial shareholder is conducting an urgent review of its
current and future financial needs. A further announcement will be made in due
course. '

The Board regrets to announce that it has been unable to secure the agreement of
its bank and substantial shareholder to provide further support and has
therefore invited its bankers to appoint administrative receivers over the
business and assets of the Company.

The Board has requested that the Financial Services Authority suspend the
Company's shares with immediate effect.


                      This information is provided by RNS
            The company news service from the London Stock Exchange                                                                                                 

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