9th Jan 2006 13:01
Millfield Group PLC09 January 2006 Millfield Group Plc ("Millfield" or the "Company")Statement re. Press Comment Paul Tebbutt, CEO, Millfield, comments "The board of Millfield notes recentpress comment concerning its capital adequacy requirements. As reported in theInterim Results on 1 December 2005, the group's regulated companies reported asurplus on all regulatory capital adequacy requirements imposed by the FinancialServices Authority until 30 September 2005, but expected a shortfall in the 4Q2005. The directors reported a shortfall of capital adequacy test 2 to the FSA of£0.8m at the end of November and expects the shortfall to be £1.5m when theDecember FSA return is finalised. The group has large surpluses on FSA capitaladequacy tests 1 and 1a. Group cash balances at end November amounted to £8.1m.The board is implementing further measures to strengthen the group balance sheetand is confident that it will eliminate the shortfall on test 2 in due course". For further information: Paul Tebbutt, Millfield - 07958 992812Mark Llewellyn-Slade, Llewellyn-Slade PR - 07770 380647 9 January 2006 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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