Ensor Holdings PLC - Re Directorate
March 24 2000 - 7:10AM
UK Regulatory
RNS Number:8858H
Ensor Holdings PLC
24 March 2000
Ensor Holdings PLC, the building materials and associated products Group,
recently announced that Mr Anthony Coyne had been appointed as Chief Executive
and that Mr Ken Harrison would continue as Chairman.
Following a strategic review of the business, the Board has decided to close
the foundry business and some of its concrete manufacturing activity. The
Directors believe that the exceptional termination and trading losses
associated with these businesses will lead to an overall small loss before tax
for the year ending 31 March 2000.
The Directors believe that the operating results of the remaining businesses
of Ensor, despite the difficult trading conditions, will show an improvement
in the year to 31 March 2000 and that this decisive action will enable the
Group to move forward into the new financial year on a strong basis and should
not affect the dividend policy.
END
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