The distributor Abacus Group informed, that the trading conditions have been challenging since the beginning of the year. In reviewing the Company’s strategic options, the Board concluded that shareholder value would best be delivered through entering into discussions with a number of companies that have approached Abacus with acquisition proposals. The Board has received a number of proposals, which may or may not lead to an offer being made for the Company.

The six months turnover 2008 of the company was £139.1m. Profit before tax (after exceptionals and amortisation) was £5.8m, before exceptionals and amortization: £4.5m.