Wassall boosts TLG

Wassall boosts TLG holding

TLG, the former Thorn Lighting Group, said Wassall PLC had bought 2,500,000 shares - 1.33 per cent - to take its total holding to 21,390,000 or 11.39 per cent. On Monday TLG announced it had received an approach which could lead to an offer for the group, but refused to say whether the approach had come from Wassall.

Wassall first bought a stake in the group - formerly Thorn Lighting Group - in February 1997 and has since characterised its holding as merely an "investment".