Planning; Trading Update
July 06 2004 - 7:54AM
UK Regulatory
RNS Number:5421A
Wellington Holdings PLC
06 July 2004
For Immediate Release 6 July 2004
Wellington Holdings plc
Planning approved for redevelopment of Hampton Site
and
Trading Update
Hampton Site
Wellington Holdings plc, the manufacturer and distributor of specialist polymer
seals for engineering and industrial applications worldwide, announces that
Richmond Borough Council has now approved the overall scheme for the
construction of a new factory of 7,956 square metres on part of Wellington's
present Hampton Site, Middlesex.
It is expected that the sale and leaseback arrangements to sell the site for
#6.5 million in cash, announced at the AGM on 26 May 2004 will be completed
within the next few weeks. Construction work is scheduled to commence according
to plan in the last quarter of 2004.
Trading Update
Trading has continued to be strong since the announcement at the AGM on 26 May
2004 and, despite the weak dollar, underlying results for the six months ended
30 June 2004 are expected to be well ahead of those achieved in the same period
last year.
-ends-
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
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