NSG to dissolve a Subsidiary

29 Nov 2007
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


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


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


Fiscal Year end

31st March

Number of employees


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.

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