Deferral of dividend
30 Ottobre 2002 - 8:01AM
UK Regulatory
RNS Number:1100D
Range Cooker Company PLC
30 October 2002
FOR RELEASE 7.00 AM 30 October 2002
THE RANGE COOKER COMPANY PLC
("the Company")
Deferral of payment of special interim dividend
Further to previous announcements, the Independent Directors confirm that they
remain in discussions with Mr. Robin Russell and certain directors of the
Company, backed by funds managed by Graphite Capital Management Limited
(together, the "Potential Offeror").
The Potential Offeror has indicated to the Independent Directors that any offer
would be conditional upon cancellation of the special interim dividend that was
announced on 9 October 2002 and that would otherwise be paid to shareholders
today.
In order to facilitate discussions, the board decided yesterday to defer payment
of the special interim dividend until discussions with the Potential Offeror are
concluded. Should an offer be made which is capable of being recommended by the
Independent Directors, it would be the board's intention to cancel the special
interim dividend. A further announcement will be made as soon as is
practicable.
This information is provided by RNS
The company news service from the London Stock Exchange
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