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Coral Products PLC - Update on installation of new recycling machine

Mon, 21st Jan 2019 15:43

RNS Number : 6812N
Coral Products PLC
21 January 2019
 

 

 

 

 

CORAL PRODUCTS PLC

("Coral" or the "Company")

 

Update on installation of new recycling machine

 

Coral Products PLC, a specialist in the design, manufacture and supply of plastic products based in Haydock, Merseyside, announces that there has been a short delay in installing and commissioning its new plastic recycling system, and that this is now scheduled for February 2019 rather than January 2019 as previously announced. In order to mitigate against the delay, Coral has agreed for its supplier to commission the plant and to deliver it to Coral as a proven turnkey project. The board remains confident that the system will contribute in the current financial period.

 

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

 

Enquiries:

 

 

Coral Products plc

Mick Wood, CEO

Sharon Gramauskas, FD

 

Tel: 01942 590272

 

 

Cairn Financial Advisers LLP

Tel: 020 7213 0880

Nominated Adviser

 

Tony Rawlinson / Liam Murray

 

 

 

Daniel Stewart & Company plc

Tel: 020 7776 6550

Broker

 

David Lawman

 

 

 

Capital Markets Consultants Limited

Tel: 07515 587 184

PR

 

Richard Pearson

 

 

Caution regarding forward looking statements

 

Certain statements in this announcement, are, or may be deemed to be, forward looking statements. Forward looking statements are identi?ed by their use of terms and phrases such as ''believe'', ''could'', "should" ''envisage'', ''estimate'', ''intend'', ''may'', ''plan'', ''potentially'', "expect", ''will'' or the negative of those, variations or comparable expressions, including references to assumptions. These forward looking statements are not based on historical facts but rather on the Directors' current expectations and assumptions regarding the Company's future growth, results of operations, performance, future capital and other expenditures (including the amount, nature and sources of funding thereof), competitive advantages, business prospects and opportunities. Such forward looking statements re?ect the Directors' current beliefs and assumptions and are based on information currently available to the Directors.  

A number of factors could cause actual results to differ materially from the results discussed in the forward looking statements including risks associated with vulnerability to general economic and business conditions, competition, environmental and other regulatory changes, actions by governmental authorities, the availability of capital markets, reliance on key personnel, uninsured and underinsured losses and other factors, many of which are beyond the control of the Company. Although any forward looking statements contained in this announcement are based upon what the Directors believe to be reasonable assumptions, the Company cannot assure investors that actual results will be consistent with such forward looking statements. Accordingly, readers are cautioned not to place undue reliance on forward looking statements. Subject to any continuing obligations under applicable law or any relevant AIM Rule requirements, in providing this information the Company does not undertake any obligation to publicly update or revise any of the forward looking statements or to advise of any change in events, conditions or circumstances on which any such statement is based.

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
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