Worthington Group Plc (the "Company") – 60 Years on the London Stock
LONDON -- April 14, 2014
Worthington this year celebrates 60 years on the London Stock Exchange and is
pleased to confirm that it will soon be publishing its audited accounts for
the period to 30 September 2013 and its interim accounts to 31^st March 2014
and will, at that point, be applying to have the suspension of its shares
lifted. We have also been in constructive dialogue with the Trustee of the
Jerome Group Plc Retirement Benefits plan and the Pension Regulator with
regards to addressing the Company’s pension deficit.
Commenting on the Company’s prospects for 2014 Chief Executive Officer Doug
Ware said, ‘As we enter our 60^th year as a listed company it appears that the
global economy is recovering with sustained growth now in the UK. I am pleased
that we will soon be seeking to lift the suspension of our shares and we
expect to be making an exciting series of announcements of new ventures in
property, the media sector as well as further developments regarding our
current portfolio. We have active discussions with new partners both in the UK
and internationally where we will be targeting our efforts in looking for high
growth opportunities in emerging markets. I’m hopeful that 2014 will be a good
year for Worthington’.
About Worthington Group Plc ("Worthington")
Worthington (LSE:WRN) is a British investment company that this year
celebrates its 60th anniversary as a London Stock Exchange main market listed
company. The company has five areas of investment focus: traditional
manufacturing, property, litigation claims, new economy and emerging markets.
In particular Worthington believes that extraordinary shareholder returns can
be achieved by expanding its high return litigation portfolio and by acquiring
tangible assets in areas of the world that are currently out of favour. By
offering to purchase these assets in exchange for its London Stock Exchange
fully listed Sterling paper, Worthington believes that temporarily illiquid
assets can be acquired for a fraction of their face value or ultimate worth
once conditions improve.
Douglas Ware, CEO Worthington Group Plc.
0203 291 1872
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