BLGH Bullough

RNS Number:6279B
AIM
25 September 2002


                 ANNOUNCEMENT TO BE MADE BY AIM APPLICANT AT LEAST 10 BUSINESS DAYS PRIOR TO ADMISSION

ALL APPLICANTS MUST COMPLETE THE FOLLOWING:

COMPANY NAME:
Bullough plc


COMPANY ADDRESS:
21 The Crescent, Leatherhead, Surrey


COMPANY POSTCODE:
KT22 8DY


COUNTRY OF INCORPORATION:
England and Wales


COMPANY BUSINESS:
Bullough operates two divisions: Workplace Solutions (manufacture of office furniture and storage systems) and
Temperature Control (manufacture of various ranges of heating, cooling and ventilation systems).


DETAILS OF SECURITIES TO BE ADMITTED (i.e. where known, number of shares, nominal value and issue price):
53,172,410 ordinary shares of 20p each.


CAPITAL TO BE RAISED ON ADMISSION:
Nil - transfer from Official List


FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS:


*          Howard Marshall (Executive Chairman)
*          Colin Bonsey (Group Finance Director and Company's Secretary)
*          Hugh McLellan (Executive Director)
*          Peter Gyllenhammar (Non Executive Director)
*          James Smith (Non Executive Director)


PERSON(S) INTERESTED IN 3% OR MORE OF THE ISSUER'S CAPITAL, EXPRESSED AS A PERCENTAGE OF THE ISSUED SHARE CAPITAL
STATING WHETHER BEFORE OR AFTER ADMISSION:


*          Montpellier Group Plc - 15,876,000 - 29.86%
*          M&G Inv Mgmt - 3,300,000 - 6.20%
*          British Airways Pension Fund - 2,203,000 - 4.14%
*          Schroder Inv Mgmt - 2,067,000 - 3.89%

NAMES AND ADDRESSES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (G) OF THE AIM RULES.
N/A


ANTICIPATED ACCOUNTING REFERENCE DATE:
31 December.


NAME AND ADDRESS OF NOMINATED ADVISER:
Old Mutual Securities, Temple Court, 35 Bull Street, Birmingham, B4 6ES


NAME AND ADDRESS OF BROKER:
Old Mutual Securities, Temple Court, 35 Bull Street, Birmingham, B4 6ES


DETAILS OF WHERE (POSTAL OR INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE AVAILABLE FROM, WITH A STATEMENT THAT THIS
WILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THE ADMISSION OF ITS SECURITIES.
N/A


DATE OF NOTIFICATION:
24 September 2002


NEW/ UPDATE (see note):
NEW


LISTED APPLICANTS MUST ALSO COMPLETE THE FOLLOWING:

DETAILS OF THE APPLICANT'S STRATEGY FOLLOWING ADMISSION INCLUDING, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS
INVESTMENT STRATEGY
The Group continues to focus on its twin objectives of enhancing the performance of Workplace Solutions whilst
maintaining good returns from Temperature Control.


A DESCRIPTION OF ANY SIGNIFICANT CHANGE IN FINANCIAL OR TRADING POSITION OF THE APPLICANT, WHICH HAS OCCURRED SINCE THE
END OF THE LAST FINANCIAL PERIOD FOR WHICH AUDITED STATEMENTS HAVE BEEN PUBLISHED OR AN APPROPRIATE NEGATIVE STATEMENT
In March 2002, shareholders approved the disposal of the Group's facilities management company Product Procurement
Services. The circular sent to shareholders on 19 March 2002 advised that the net financial impact to Bullough of the
transaction would amount to a cost of approximately #4.65m, excluding trading losses for January and February 2002.



As was noted in the preliminary announcement for the year ended 31 December 2001 (the last published accounts) only
#2.0m of that cost was dealt with in the accounts as the disposal did not occur until after the year end. The balance
of the cost will be dealt with in the interim statement for the six months to 30 June 2002. The cost will be treated as
an exceptional item.


A STATEMENT THAT THE DIRECTORS OF THE APPLICANT HAVE NO REASON TO BELIEVE THAT ITS WORKING CAPITAL WILL BE INSUFFICIENT
FOR AT LEAST TWELVE MONTHS FROM THE DATE OF ITS ADMISSION
The Directors have no reason to believe that its working capital will be insufficient for at least twelve months from
the date of Admission.


DETAILS OF ANY LOCK-IN ARRANGEMENTS PURSUANT TO RULE 7 OF THE AIM RULES.
N/A


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