WDNY Widney

RNS Number:2480U
Widney PLC
02 April 2007



Widney PLC
("Widney" or "the Company")


Sale of Widney Pressings


Widney has exchanged contracts for the sale of Widney Pressings Ltd to AY
Engineering, an Indian based group, for #1.4 million, including Widney
Pressings' borrowings at completion, subject to shareholder approval. A Circular
will be sent to shareholders shortly.

Widney has also sold surplus fixed assets from its Northampton site for #750,000
to AY Engineering, payable in equal instalments over three years.

Commenting on the transaction, Joe Grimmond, Chairman, said:

"Widney Pressings does not fit with our strategic plans for the future of Widney
PLC. We believe the sale is in the interest of shareholders. The proceeds will
be used to reduce the Company's borrowings."

                                                                    2 April 2007



Enquiries:


Widney Plc                                                    Tel: 0121 327 5500
Joe Grimmond, Chairman
Graham Errington, Finance Director

College Hill                                                  Tel: 020 7457 2020
Richard Pearson






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

DISILFEESVIFIID

Widney (LSE:WDNY)
Gráfico Histórico do Ativo
De Abr 2024 até Mai 2024

Widney (LSE:WDNY)
Gráfico Histórico do Ativo
De Mai 2023 até Mai 2024