25th July 2014
FOR IMMEDIATE RELEASE
Worthington Group Plc (the "Company"): Launches new website www.worthingtongroupplc.com - Application to lift suspension of trading imminent - New investments on horizon
Worthington Group Plc today launches its new corporate identity and website containing valuable information for all investors and, at the same time, is delighted to confirm that it will imminently seek to lift the suspension of trading in its shares and resume trading on the Official List of the London Stock Exchange. Up to date accounts will be published at the same time.
Commenting on the website launch, Chief Executive Officer Douglas Ware said, 'As we celebrate our 60th year on the London Stock Market I am delighted that we now have a brand and website that is fit for purpose and better reflects the Company's prospects. The website will help us to communicate with all our stakeholders more effectively and should prove to be a useful first port of call for those wanting to keep up to speed with the Company's progress and development. Also, as we have previously promised, we will be publishing up to date company accounts imminently and, at the same time, will be requesting that the suspension of trading in our shares is lifted. During the period of suspension we have been making important progress in a number of areas; in particular we are at advanced stage negotiations to broaden our portfolio in emerging markets and high growth sectors - most notably, in the property, media, litigation and energy sectors. We also hope to be able to announce important progress in resolving the Company's historic pension deficit before the end of the year. With rising economic confidence in both the UK and markets around the world the second half of 2014 should prove a very exciting time for our Shareholders.'
About Worthington Group Plc ("Worthington")
Worthington (Stock Exchange ticker: 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 hard/tangible assets in areas of the world that are currently out of favour or where there are exchange controls in place which Worthington believes, over time, will be lifted. 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.
For more information on Worthington Group plc visit www.worthingtongroupplc.com
Enquiries:
Charlotte Parham, Media Information on 0203 291 1872 or email [email protected]
This information is provided by RNS
The company news service from the London Stock Exchange
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