UPDATE 1-Filtrona says trading since October on track

* Says provisional 2008 reported revenue up 6.5 pct * To incur costs of 1.3 mln stg in 2008

* Says year-end net debt higher at 182 mln stg * Sees 5 mln stg restructuring costs in 2009 (Adds details)

Jan 14 (Reuters) -British plastics and fibre products company Filtrona Plc (FLTR.L) said on Wednesday its trading since Oct. 21 had continued to be in line with its expectations and reported a 6.5 percent rise in provisional 2008 group revenue. The company said it would incur transaction costs of 1.3 million pounds ($1.89 million) in 2008 as it withdrew from a significant potential acquisition at an advanced stage in the fourth quarter.

The company, which said it would undertake a restructuring programme in 2009 and 2010, expects related cash costs of about 5 million pounds in 2009 and 2 million pounds in 2010.

Filtrona said its net debt increased during 2008 as it had been impacted significantly by foreign exchange translation movements and the acquisition of Lendell Manufacturing, a maker of specialised hydrophilic foam product solutions, in October.

At the year end, its net debt stood at 182 million pounds.

The company, whose long-term funding comprises a multi-currency syndicated facility of 215 million pounds, said it also has committed bilateral facilities of $40 million expiring in November 2009. Shares of Filtrona closed at 122.50 pence on Tuesday on the London Stock Exchange. ($1=.6878 Pound) (Reporting by Tresa Sherin Morera in Bangalore; Editing by Himani Sarkar)