Comment Regarding Bolton Fell Facility
August 29 2008 - 9:00AM
UK Regulatory
RNS Number : 3310C
Sinclair (William) Holdings PLC
29 August 2008
29 August 2008
WILLIAM SINCLAIR HOLDINGS PLC
("William Sinclair" or "the Company")
Comment regarding the Company's Bolton Fell Facility
William Sinclair Holdings Plc is one of the UK's leading producers of commercial horticulture and branded garden products. The Company
provides peat based and non peat growing media and fertiliser products to the retail and commercial sectors.
William Sinclair has been informed by Natural England that DEFRA has confirmed the decision that the bog at Bolton Fell in Cumbria, from
which the Company harvests approximately 30% of its peat requirement, has been submitted to the EU as a Special Area for Conservation (SAC).
The submission is part of the UK government fulfilling its obligation under the Habitats Directive.
William Sinclair confirms they have had discussions with Natural England regarding this issue and that negotiations about levels of
compensation are on-going. The Company employs over 100 people at the Bolton Fell site.
A further announcement will be made to shareholders in due course.
- Ends -
Enquiries
William Sinclair Holdings Plc Tel: 01522 537561
Bernard Burns, Chief Executive
Peter Williams, Finance Director
Arbuthnot Securities Tel: 020 7012 2000
Alastair Moreton
Alasdair Younie
Madano Partnership Tel: 020 7593 4000
Dominic Barretto
www.madano.co.uk
About William Sinclair
William Sinclair's well established brands include J Arthur Bower's, Silvaperl and New Horizon - the leading brand in the fast growing
peat free garden compost and organic plant foods sector.
William Sinclair's customers include national accounts such as Wyevale, Wilkinson, Tesco, Homebase and B&Q as well as an extensive range
of independent garden centres. The Company has strong asset backing, is profitable and is quoted on the Alternative Investment Market.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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