12 Mar 2001
Fairey Group plc announces that it proposes to change its name to Spectris plc, subject to shareholder approval, following its AGM on 8 May 2001. The change of name to Spectris reflects the transformation of Fairey into a specialist technology-based instrumentation and electronic controls company which has 90% of its business outside the UK.
Given the long and illustrious history of the business, the Fairey name is inextricably associated by many with UK aviation and engineering. The reshaping of the group makes it an appropriate time to adopt a name which reflects more closely the company’s focus on providing innovative technology for the improvement of customers’ performance worldwide.
Spectris is the parent company name of the businesses acquired by Fairey last year. The name Spectris already has recognition in many global markets and provides the opportunity to adopt a name which, along with trademarks and website domains, the company already owns.
The name change is subject to shareholder approval. A circular containing the resolution to be proposed at the forthcoming Annual General Meeting, to be held on 8 May, will be posted to shareholders in April with the Report and Accounts.
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