Last checked at 7 Jan 2019 07:00
CORAL PRODUCTS PLC
("Coral" or the "Company")
Significant new purchase order and new tooling order
Coral Products PLC, a specialist in the design, manufacture and supply of plastic products based in Haydock, Merseyside, is pleased to announce that the Company's Haydock Mouldings Division has received a further order of £795,000 in relation to the supply contract of totes for the customer's UK fulfilment centres.
The Company is currently fulfilling previously announced orders. Production for this latest order is planned to commence in March and to be completed in June 2019.
In addition, we are also pleased to announce that after some months of discussion and intense product development, we have received a tooling order from a building manufacturer which it is hoped will in due course lead to a significant sales order of plastic roof tiles. There can be no certainty as to the outcome at this stage.
Mick Wood, CEO said, "We are very pleased to receive this further tote order from a prestigious customer and also hope that the new tooling order will lead to significant sales in due course."
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
Enquiries:
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Coral Products plc Mick Wood, CEO Sharon Gramauskas, FD |
Tel: 01942 590272 |
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Cairn Financial Advisers LLP | Tel: 020 7213 0880 |
Nominated Adviser |
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Tony Rawlinson / Liam Murray |
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Daniel Stewart & Company plc | Tel: 020 7776 6550 |
Broker |
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David Lawman |
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Capital Markets Consultants Limited | Tel: 07515 587 184 |
PR |
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Richard Pearson |
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Caution regarding forward looking statements
Certain statements in this announcement, are, or may be deemed to be, forward looking statements. Forward looking statements are identified 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 reflect 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.