NSG To Dissolve A Subsidiary

Nippon Sheet Glass Co., Ltd., the ultimate holding entity of NSG Group, ( hereinafter “the Company” ) announces its plan to dissolve its subsidiary, as below. 1.

Reason of Dissolution

Sovereign Glass ( Leeds ) Limited was acquired as a part of the acquisition of Heywood Williams companies, a UK-based building glass distributor, by Pilkington on 1st April 1993. Since it has been dormant from then, now the Company decided to dissolve it.

2. Profile of Sovereign Glass ( Leeds ) Limited

Registered Office: Prescot Road, St. Helens, Merseyside WA10 3TT

Representatives: Sheila Lennon, Julie Brown

Business description: Dormant ( used to be a building glass distributor )

Incorporation Date: 24th March 1977

Share Capital Authorized: 1,000 ordinary £1 shares, Issued 1,000 ordinary £1 shares

Shareholders: Pilkington Distribution Services Limited - 999 shares;

Pilkington Brothers ( South Wales ) Limited - 1 share

Total Shareholder Equity: 0 ( Share capital £1,000, Deficit £1,000 )

Total Assets: 0

Fiscal Year end: 31st March

Number of employees: 0

3. Schedule and Impact on the operating result

The dissolution of the above-mentioned subsidiary will have been completed within this fiscal year ending March 2008 on the condition that a clearance by the local registry office is obtained. Its dissolution has no effect on the Company’s consolidated and non-consolidated results.

600450 NSG To Dissolve A Subsidiary glassonweb.com
Date: 30 November 2007
Source: NSG

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