Stmnt re Share Price Movement

 

TIDMDAV 
 
RNS Number : 1367T 
Davenham Group PLC 
22 September 2010 
 

FOR IMMEDIATE RELEASE 
 
22 September 2010 
 
DAVENHAM GROUP PLC ("DAVENHAM" OR THE "COMPANY") 
 
The Board of Davenham notes the recent movements in the Company's share price 
and the ordinary share purchases in the Company (for the beneficial interest of 
D G Anthony) on 8 and 17 September 2010. 
 
On 30 June 2010 Davenham announced (following the conclusion of the strategic 
review) that: 
 
·     Davenham would cease to write new business and that, with the support of 
its banking syndicate, would collect in its loan books in a prudent and orderly 
manner; and 
·     the Board considered (having consulted with Hawkpoint Partners) that there 
was likely to be no value for ordinary shareholders in the Company. 
 
The Company would like to take the opportunity to confirm that the Board 
continues to consider that there is likely to be no value for ordinary 
shareholders in the Company (and to confirm that the Board is not aware of any 
developments in relation to the Company, or in relation to its financial 
position or prospects, which would cause the Board to reconsider that view). 
 
For further information please contact: 
 
+---------------------------------------+--------------------------+ 
| Davenham Group plc                    | Tel: [phone]     | 
|                                       | 8484                     | 
+---------------------------------------+--------------------------+ 
| Paul Burke                            |                          | 
|                                       |                          | 
+---------------------------------------+--------------------------+ 
| Hawkpoint Partners Limited (Nominated | Tel: [phone]     | 
| Adviser)                              | 4642                     | 
+---------------------------------------+--------------------------+ 
| Lawrence Guthrie / Shaun Holmes       |                          | 
|                                       |                          | 
+---------------------------------------+--------------------------+ 
| Hogarth PR (Public Relations)         | Tel: [phone]     | 
|                                       | 9477                     | 
+---------------------------------------+--------------------------+ 
| Reg Hoare / Katie Hunt                |                          | 
+---------------------------------------+--------------------------+ 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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