2007
- November 29, 2007
- NSG
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.
