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Unaudited Interim Statement re 30 September 2006
12 December 2006
ARTISAN (UK) plc
Unaudited Interim Statement for the six months ended 30th September 2006
Artisan (UK) plc is an AIM listed company engaged in house building and commercial property development.
HIGHLIGHTS
- First set of results to be reported under International Financial Reporting Standards ('IFRS')
- Key impact of IFRS is to increase turnover reported for the comparative set of results for the six months to 30 September 2005
- Trading at Artisan (UK) Developments strong over the period: Rippon Homes results suffering from reduced margin partly due to current local market conditions
- Share consolidation proposed
- Subject to the approval of the share consolidation by shareholders a dividend declared of 1.2p per new ordinary share (equivalent to 0.03p per existing ordinary share)
Michael W. Stevens, Chairman of Artisan (UK) plc commented,
"The results demonstrate that Artisan (UK) Developments has performed well over the period, a trend that has continued into the second half, whilst Rippon Homes' margins have come under pressure although sales have held up well."
"The proposed share consolidation would re-base the share price at a more sensible level, reduce the costs of running a register which currently numbers approximately 10,300 shareholders and would facilitate the payment of a dividend to shareholders of a meaningful sum: I commend it to shareholders as part of the programme undertaken to improve the financial and operating strengths of the Group."
For further information please contact:
| Artisan (UK) plc | 01480 436666 |
| Chris Musselle, Chief Executive | email@artisan-plc.co.uk |
| Brewin Dolphin Securities, Nominated advisers | 0121 236 7000 |
| Ifor Williams | |
| Bankside Consultants, Financial PR advisers | 020 7367 8888 |
| Simon Rothschild | 07703 167065 |
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