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Pursuit Dynamics Now Sees Fiscal Year Revenue Down As P&G Ends Licensing Talks

LONDON -(Dow Jones)- Pursuit Dynamics PLC (PDX.LN), said Monday that it has been informed by Procter & Gamble (P&G) that, following completion of their evaluation trials, P&G does not intend to pursue further evaluation or development at this stage or enter into exclusive licensing discussions with PDX as the company had envisaged under the Joint Development Agreement between PDX and P&G. MAIN FACTS: -As a result of this, the company's revenue for the year ending Sept. 30, will be materially below the company's earlier expectations. -The company has been undertaking a strategic review of the business and in light of the P&G decision the review will be accelerated to allow an update to be provided by the end of June. -The company will continue to pursue a range of commercialization opportunities while it conducts the strategic review. -Pursuit Dynamics shares closed Friday at 71 pence, valuing the company at GBP61.3 million. -By Razak Musah Baba, Dow Jones Newswires; 44-20-7842-9275; razak.baba@dowjones.com

Stock News for Procter Gamble (PG)
DateTimeHeadline
08/29/201603:03:00P&G's CEO Gets Boost in Bonus -- WSJ
08/26/201616:36:00P&G CEO David Taylor Gets $ 2.5 Million Bonus Boosted by 'Transformation...
08/26/201614:04:41Statement of Changes in Beneficial Ownership (4)
08/26/201614:02:51Statement of Changes in Beneficial Ownership (4)
08/26/201614:01:26Statement of Changes in Beneficial Ownership (4)
08/26/201613:59:37Statement of Changes in Beneficial Ownership (4)
08/26/201613:54:00Procter & Gamble CEO David Taylor's Pay Totaled $14 Million Last...
08/26/201610:20:00Procter & Gamble CEO Taylor Compensation Soars to $14 Million
08/26/201609:57:00Procter & Gamble CEO Taylor Compensation Soars to $14 Million
08/26/201608:08:05Additional Proxy Soliciting Materials (definitive) (defa14a)
08/26/201608:08:00On BizWireTV: Big Name Brands Join Louisiana Relief Effort and...
08/26/201608:05:18Proxy Statement (definitive) (def 14a)
08/25/201612:13:00Procter & Gamble Prevails Against Private Label Manufacturers...
08/25/201609:57:00Location Update: Procter & Gamble Brings Mobile Relief to Louisiana...
08/24/201603:04:00Gillette Sues Rival Razor Firm -- WSJ
08/23/201617:23:00P&G Sues Edgewell for Patent Infringement -- Update
08/23/201616:08:00Edgewell Personal Care Issues Statement Regarding Procter & Gamble...
08/23/201615:24:47Statement of Changes in Beneficial Ownership (4)
08/23/201613:20:00P&G Sues Edgewell for Patent Infringement
08/23/201613:15:00Procter & Gamble Sues Edgewell for Patent Infringement

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