Worthington Group PLC

Legal Proceedings Report • Jan 22, 2015

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RNS Number : 8601C

Worthington Group PLC

22 January 2015

Worthington Group plc ("the Company" or "Worthington")

22nd January 2015

FOR IMMEDIATE RELEASE

Update re CPS Energy Resources Plc

The Company announces that it has decided not to proceed with an investment in CPS Energy Resources Plc and confirms  that any such investment was not included in the Company's calculation of  consolidated assets, profits, sectors or geographic locations announced on the 9th January 2015.

About Worthington Group Plc ("Worthington")  

Worthington (Stock Exchange LSE: WRN) is a British investment company that  celebrates its 60th anniversary as a London Stock Exchange main market listed company this year. The Company has four areas of investment focus: property, litigation claims, new economy and emerging markets. The Company believes that exceptional shareholder returns can be achieved by utilising its main market Sterling paper to acquire investments in these sectors worldwide.

Note: Forward-looking statements contained in this announcement, including Worthington's strategy and plans, as well as expectations for future revenue and earnings, reflect Worthington's   current views and assumptions with respect to future events and are subject to certain risks, uncertainties and assumptions. There are many factors that may cause actual results achieved to differ materially from expectations for future results and expectations that may be expressed in or form an assumption of such forward-looking statements. Such factors include risks related to the day to day business of Worthington, client volatility, sales fluctuations, the general economic climate, political and environment and  other risks,  cancellations,  software failures and interruption to service to customers due to technical problems, acquisition delays  and failure as well as other uncertainties related to the results of Worthington including risks of delays or closure of projects, price falls, currency fluctuations and changes in contract terms, legislation and administrative practices, as well as competition risk and other unforeseen factors. If one or more of such risks or factors of uncertainty were to materialise, or should one or more of the statements provided prove to be incorrect, actual developments may differ materially from the forward-looking statements contained in this announcement.

Enquiries:

Charlotte Parham, Media information                           Tel: +44 203 291 1872

or email: media@worthingtongroupplc.com

PD Cosec - Company Secretary                                        Tel: +44 208 940 0963

Website: www.worthingtongroupplc.com

Statement ends.

This information is provided by RNS

The company news service from the London Stock Exchange

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