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News announcements placed on Plus Markets.
Since the Annual General Meeting Trading Statement made on the 9th May 2008 indicating a no better than break even position for the first 6 months of 2008 the usual seasonal upturn in trading has been weaker than expected and it is now anticipated that the Company will make a modest loss at the interim stage.
A trading statement for the year to 31st December 2008 will be made when the actual interim figures are reported in September.
It is the Board’s present intention to maintain the interim dividend at 1.5p per ordinary share to be paid on 13th October 2008 and further details will be notified in due course.
Lord Lee of Trafford
Chairman
For further information please contact:
Wellington Market Company Plc
Paul Fice Tel: 00 44 1952 242019
Grant Thornton UK LLP (Corporate Advisor)
Gerry Beaney/Cha Patel Tel: 00 44 207 383 5100
The directors of the issuer (Wellington Market Company Plc) accept responsibility for this announcement.
Notes to Editors:
Wellington is a public company and has been operating markets for more than 150 years and can trace its history back to 1244 when Wellington Market was established by Royal Charter.
Initially it owned and operated retail, produce and livestock markets in the town of Wellington, Shropshire. It is now the leading private sector and only public company operating retail markets in the United Kingdom with markets at 35 locations providing over 5000 stalls per week.