30th Jun 2008 11:32
FOR IMMEDIATE RELEASE
Statement re: Grainger plc
Regis Group Plc ("Regis") notes today's movement in the share price of Grainger plc ("Grainger").
Regis has watched for several months as Grainger has absorbed the impact of the worsening outlook for the residential housing market and the burden of debt it carries.
This significant turbulence in the housing sector and in financial markets means that Regis is not yet in a position to approach the board of Grainger. Accordingly, there can be no certainty that any offer will be forthcoming.
A further announcement will be made in due course.
- Ends -
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Citigate Dewe Rogerson +44 (0) 207 282 2889 Tom Baldock |
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