Interim Management Statement

 

TIDMWRN 
 
RNS Number : 9432G 
Worthington Group PLC 
10 February 2010 
 

 Worthington Group plc 
 
                          Interim Management Statement 
 
 
Worthington Group plc provides an Interim Management Statement for the period 
from 1 October 2009 to the date of this announcement, as required by the UK 
Listing Authority's Disclosure and Transparency Rules. 
 
Head office rental receipts and costs are in line with expectations during the 
period. Interest receipts have been favourable with the completion and repayment 
of one bridging loan in November together with the commencement of a new 
bridging loan in excess of GBP650,000, secured by a first charge on property. 
 
Trimmings by Design Limited our associate company continues to trade at a loss. 
This represents an accounting loss only and does not affect our cash position. 
 
Pension fund returns for the quarter to 31 December 2009 in respect of the 
property investments were ahead of benchmark returns whilst the rest of the 
investment portfolios have been broadly in line with the benchmark returns 
sought. 
 
The property at Keighley continues to be well let although there is no further 
progress to report as regards redevelopment plans. 
 
We continue to seek suitable investments for the business and in the meantime 
plan to continue to lend out the cash on short term bridging loans at favourable 
interest rates. 
 
 
 
 
Enquiries: 
 
Joe Dwek CBE, Chairman 
Worthington Group plc 
Tel: [phone] 
Website: www.worthingtongroupplc.co.uk 
 
 
10 February 2010 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
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