4th Feb 2005 07:00
Wincanton PLC04 February 2005 For Immediate Release 4 February 2005 WINCANTON plc Wincanton announces that PGN Logistics ('PGN') , a joint venture company inwhich Wincanton has a 50% interest , has been in discussions with its principalcustomer about the possible termination of its contract with PGN and therecovery of amounts receivable from the customer. It is now expected that thesematters will be resolved through arbitration. In the year to 31 March 2004, PGN contributed approximately £1.8m to Wincanton'sadjusted earnings, after taxation and a minority interest charge. Wincanton does not expect there to be any material impact on adjusted pre-taxprofit and earnings in the year to 31 March 2005. Contact: WincantonPaul Bateman, Chief Executive ) Today only: 020 7466 5000Gerard Connell, Group Finance Director ) Thereafter: 01963 828282Charles Carr, Corporate Communications Director ) Buchanan CommunicationsCharles Ryland/Jeremy Garcia 020 7466 5000 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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