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CTO Costco Wholesale Corporation

813.80
3.60 (0.44%)
04 Nov 2024 - Closed
Realtime Data
Share Name Share Symbol Market Type
Costco Wholesale Corporation TG:CTO Tradegate Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  3.60 0.44% 813.80 813.30 815.80 813.80 801.00 811.50 358 21:01:28

Acquisition

03/07/2003 8:00am

UK Regulatory


RNS Number:0902N
Clarke(T.) PLC
03 July 2003



                                 T. Clarke plc

                             T. CLARKE ACQUISITION


The Board of T. Clarke plc ("T. Clarke"), the electrical engineering and
contracting company today announces the acquisition of two privately owned
businesses in Cambridgeshire for a cash consideration of up to #3.4 million
dependent on the value of net assets at completion.

The two businesses are AG Aylward Electrical & Mechanical Limited and AG Aylward
EMS (Maintenance and Minor Works) Limited. Both are electrical and mechanical
engineering contractors based in Kimbolton, Cambridgeshire. Together, they
employ 75 staff and for the year ended 30 September 2002, they reported a
turnover of #6.036 million, profits before tax of #446,000 and net assets of
#1.081 million.

The two firms have a strong regional presence, working for a wide range of
public and private sector customers throughout East Anglia. Customers include
many of the local authorities, education authorities and housing associations.

Following the statement made at the recent Annual General Meeting, T. Clarke
anticipates that the group outcome for the full year will at least be in line
with expectations.

Pat Stanborough, Chief Executive commented,

" Our strategy is to grow the scale of the group organically and by acquiring
high quality regional businesses that have a good geographical & business fit
with our existing operations. We have had a successful track record of
identifying suitable acquisition opportunities that have strengthened both our
geographical presence and the diversity of our workload. We are confident that
this business will fit well with our existing operations and will benefit
enormously from being part of the larger T.Clarke Group."

                                     -ends-

Date: 3 July 2003


For further information contact:

T. Clarke plc                                            City Profile Group

Pat Stanborough, Chief Executive                         Simon Courtenay

John Daly, Finance Director                              Tel: 020-7448-3244

Tel: 020-7358-5000

Web: www.tclarke.co.uk


Arbuthnot Securities

Richard Dunn

Tel: 020-7002-4633



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

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