Immediate Release: 27 August 2009
HARTEST HOLDINGS PLC
("Hartest", or "the Company" or "the Group")
Response to Withdrawal of Possible Joint Offer
The Board of Hartest Holdings Plc note the announcement made by Elektron plc
(`Elektron') yesterday that it is no longer considering a possible joint offer
for Hartest. Hartest welcomes this clarification of Elektron's intentions.
However, Hartest remains in early stage discussions with one other potential
offeror and as such remains in an offer period. Further announcements will be
made regarding these discussions as appropriate.
The new financial year has started well, and trading by all Group companies is
in line with, or ahead of, the Board's expectations. Gross margins are
improving, and overheads are under close control. The relocations of our two
subsidiary companies, Hartest Precision Instruments and Agar Scientific, has
also been completed successfully.
For Further Information:
Geoff Spink Hartest Holdings Plc 01252 749 530
Executive Chairman
Vikki Krause Hansard Group 020 7245 1100
Account Director
William Vandyk Astaire Securities 020 7448 4400
Director