MARKHAM, ON, June 4 /CNW/ - PLM Group Ltd. (PLM) announced today that its
Board of Directors has initiated a strategic review process. PLM is
investigating, among other things, a potential financial and/or strategic
transaction to maximize shareholder value. The Board has created a Special
Committee to oversee the process.
The Special Committee is comprised of Mr. Bruce Jackson (chair),
Mr. Kingsley Ward Snr., Mr. George Elliott and Mr. William Sears, all of whom
are independent members of the PLM Board of Directors.
The Board has engaged Scotia Capital as financial advisor to assist with
this ongoing process.
The Company emphasized that there can be no assurance that this process
will result in any transaction and no timetable has been set for its
About PLM Group
PLM Group Ltd. (TSX: PGL) is one of Canada's largest commercial printers
providing single source web and sheet-fed print, visual, graphics and display
services to leading companies in a number of industries, including retail,
consumer products, financial services, automotive, pharmaceutical, healthcare
and communications. Visit the Company's web site at www.plmgroup.com
For further information:
For further information: Peter Bradley, C.A., Executive Vice President
and Chief Financial Officer, (416) 848 8530, Email: email@example.com