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RNO Renault SA

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Delayed by 15 minutes
Share Name Share Symbol Market Type
Renault SA BIT:RNO Italy Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.00 -

Disposal

19/05/2003 9:49am

UK Regulatory


RNS Number:2437L
Renold PLC
19 May 2003


                                   Renold plc


   Sale of Former Jones & Shipman Factory Site at Leicester for #5.2 million





Renold plc, the precision engineering group, is pleased to announce that the
sale of its former Jones & Shipman factory site in Leicester to Morris Homes has
become unconditional and proceeds are expected by the end of May 2003.


The net proceeds of the sale, #5.2m in cash, will be used to pay down Company
borrowings. The carrying value of the site was #2.3m in the balance sheet at 29
March 2003.


As recently stated, Renold's preliminary results for the year to 29 March 2003
will be announced on Monday, 9 June 2003.






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

END
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