Disposal

 

TIDMLCT TIDMAGA 
 
RNS Number : 0243Y 
Lincat Group PLC 
26 August 2009 
 

Lincat Group plc ("Lincat" or "the Group") 
 
 
Disposal of Mercury 
 
 Lincat today announces that it has completed the sale 
to Aga Rangemaster Group plc ("Aga") of the business and principal assets of 
Mercury Appliances Limited, its domestic range cooker manufacturer. In the year 
to December 2008 Mercury made a pre-tax loss of GBP130k on a turnover of 
GBP1.8m. The GBP425,000 proceeds of disposal are expected to more than cover the 
costs of exit from this business. 
 
 Martin Craddock, Chairman: "Mercury has 
achieved much since it was launched by the Group in 2000 but we recognise that 
it will enjoy better prospects and a more secure future as part of a larger 
organisation such as Aga, which operates solely within the domestic appliance 
market. I would like to pay tribute to the staff of Mercury and especially to 
Jenny Hyatt, Mercury's managing director, who will be taking the business 
forward under Aga's ownership." 
 
 
26 August 2009 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
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