Disposal of Teleview Direct Limited ("TELEVIEW")
The Board of N Brown Group Plc is pleased to announce the disposal of Teleview for £6.3 million in cash.
In the year to 26 February 2005, Teleview achieved sales of £5.7 million and generated a loss before interest and tax of £0.7m. The net assets were approximately £7.3m.
The proceeds from the sale will be used to reduce group borrowings.
For further information contact:
N Brown Group PLC Tel: 0161 238 2000
Alan White, Chief Executive
Dean Moore, Finance Director
Gavin Anderson Tel: 0207 554 1400
Charlotte Stone
