30th Nov 2007 15:35
Filtronic PLC30 November 2007 For immediate release 30 November 2007 Filtronic plc Announcement of negotiations for the sale of Filtronic Compound Semiconductors Limited Filtronic plc announces that it has agreed non binding heads of terms with aselected party in relation to the intended purchase by that party of the entireissued share capital of Filtronic Compound Semiconductors Limited for no initialconsideration with the potential for deferred consideration dependent on theachievement of certain targets and with this company's pension liabilitiesremaining with Filtronic plc. These terms include specified confirmatory duediligence that must be completed by the proposed purchaser prior to theexecution of a definitive legal agreement. Contact details Filtronic plc:John Poulter, Chairman 01274 415 306Charles Hindson, Chief Executive 07800 706 319 (mobile) Parkgreen Communications: 020 7479 7933Ben Knowles 07900 346 978 (mobile) This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Filtronic