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AMY Amey

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Share Name Share Symbol Market Type Share ISIN Share Description
Amey LSE:AMY London Ordinary Share GB0002566106 ORD 1P
  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 -
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Disposal of Amey Vectra Ltd

27/05/2003 8:03am

UK Regulatory


RNS Number:5394L
Amey PLC
27 May 2003



For immediate release                                              27 May 2003





                                    Amey plc


                        Disposal of Amey Vectra Limited



Amey plc announces that the Company has completed the disposal of Amey Vectra
Limited ("Vectra") to Volvere plc for a consideration of #2 million which was
paid in cash on completion. Amey has an option to purchase 5 per cent. of the
equity in Vectra for approximately #115,000 for three years.


Amey's intention to dispose of Vectra, which provides specialist technical and
business consulting and environmental services principally to the nuclear, oil
and gas, defence and transportation sectors, was announced at the time of the
interim results in September as part of the Company's strategic review.


As a result of the disposal, Amey is more able to focus its management resources
on its core activities.


                                     -Ends-





For further information please contact:

Anthony Cardew          CardewChancery             T: 020 7930 0777
Melvyn Marckus



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

END
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