LONDON--(BUSINESS WIRE)--Worthington this year celebrates 60 years on the London Stock Exchange and is pleased to confirm that it will soon be publishing its audited accounts for the period to 30 September 2013 and its interim accounts to 31st March 2014 and will, at that point, be applying to have the suspension of its shares lifted. We have also been in constructive dialogue with the Trustee of the Jerome Group Plc Retirement Benefits plan and the Pension Regulator with regards to addressing the Company’s pension deficit.
Commenting on the Company’s prospects for 2014 Chief Executive Officer Doug Ware said, ‘As we enter our 60th year as a listed company it appears that the global economy is recovering with sustained growth now in the UK. I am pleased that we will soon be seeking to lift the suspension of our shares and we expect to be making an exciting series of announcements of new ventures in property, the media sector as well as further developments regarding our current portfolio. We have active discussions with new partners both in the UK and internationally where we will be targeting our efforts in looking for high growth opportunities in emerging markets. I’m hopeful that 2014 will be a good year for Worthington’.
About Worthington Group Plc ("Worthington")
Worthington (LSE:WRN) is a British investment company that this year celebrates its 60th anniversary as a London Stock Exchange main market listed company. The company has five areas of investment focus: traditional manufacturing, property, litigation claims, new economy and emerging markets.
In particular Worthington believes that extraordinary shareholder returns can be achieved by expanding its high return litigation portfolio and by acquiring tangible assets in areas of the world that are currently out of favour. By offering to purchase these assets in exchange for its London Stock Exchange fully listed Sterling paper, Worthington believes that temporarily illiquid assets can be acquired for a fraction of their face value or ultimate worth once conditions improve.
Douglas Ware, CEO Worthington Group Plc.