Sale of Site

RNS Number:8258E
Wellington Holdings PLC
03 November 2004


For Immediate Release                                           3 November, 2004


                             Wellington Holdings plc
              Sale of Hampton site for #6.5million cash completed


Wellington Holdings plc, the manufacturer and distributor of specialst polymer
seals for engineering and industrial applications worldwide announces the
completion of the sale of its freehold site at Hampton, Middlesex, for #6.5m
cash. The sale proceeds have now been received.


Wellington will use certain of the proceeds of sale to relocate to a new,
specially built, highly efficient factory, built to specification on half the
present site. The move is expected to be completed in early 2006. Annual rental
payments of #590k will commence in 2007. The balance of the proceeds of sale
will be applied to reduce borrowings and to invest in the business.


Notes to Editor:

Wellington Holdings is a highly focused global manufacturer and distributor of
specialist seals used in new equipment and the aftermarket. Main markets include
mining equipment, construction machinery, aerospace, materials and fluid
handling, and especially strong in oil and gas. Wellington trades under four
brands, Hallite Seals, Dynamic Seals, CDI Seals and Hallite Polytek.



For further information:

Brian Kent, Chairman                                               020 8941 3774

Chris Wilkins, Chief Executive Officer                             020 8941 3774

Mick Paver, Finance Director                                       020 8941 3774

Wellington Holdings plc

Paul Vann/Victoria Stephens                                        020 7786 9600

Binns & Co. PR Limited

Or visit the Wellington website:   www.wellingtonholdings.com








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

END
DISQKNKNPBDDNDK

Wellington Hds. (LSE:WLN)
過去株価チャート
から 5 2024 まで 6 2024