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ALV Allianz AG

258.50
-1.40 (-0.54%)
08:33:43 - Realtime Data
Share Name Share Symbol Market Type
Allianz AG TG:ALV Tradegate Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.40 -0.54% 258.50 258.30 258.40 260.90 258.30 260.10 8,877 08:33:43

Statement re Vickers Defence

09/10/2003 11:00am

UK Regulatory


RNS Number:7114Q
Alvis PLC
09 October 2003

9 October 2003

                                   ALVIS PLC

                         ACQUISITION OF VICKERS DEFENCE

Alvis plc announces that, following the acquisition of Vickers Defence from
Rolls-Royce last year and in accordance with the terms of the acquisition
agreement, it has now agreed the working capital adjustment to the purchase
consideration. This will result in a payment to Alvis by the seller of #15.8
million and ZAR 15.8 million (Rand) including accrued interest.



Enquiries:

Alvis plc

Martin Greenslade, Finance Director                Tel: 020 7808 8888


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

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