18th Jan 2011 12:04
18th January 2011
Lavendon Group plc ("Lavendon" or the "Company")
RESPONSE TO STATEMENT OF INTENTION FROM ASHTEAD GROUP PLC ("ASHTEAD") AND TVH SERVICES N.V. ("TVH") NOT TO MAKE A FIRM OFFER FOR LAVENDON
The Board of Lavendon notes the announcement issued today by Ashtead and TVH that they will not proceed with an offer for the Company.
John Standen, Lavendon's Chairman, commented:
"I'm delighted that this uncertainty has been removed. We have a clear set of objectives to enhance shareholder value and Lavendon is very well positioned. With a strengthened Board, supportive shareholders and the business review significantly progressed, we are looking forward to the future with confidence."
Enquiries:
Financial Dynamics Tel: +44(0)207 831 3113
Billy Clegg
Jonathon Brill
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