24 Apr 2014 07:00
Conviviality Retail plc
('Conviviality' or the 'Company')
Re Media speculation
Conviviality stated in its Admission document that it would consider complementary strategic acquisitions.
Conviviality notes recent media speculation in the trade press in relation to the acquisition of a small number of off licences from Bibby Retail Services Limited, owner of the Rhythm & Booze chain of off-licences.
Conviviality confirms that it is in discussions with Bibby Retail Services Limited, but there is no certainty that any transaction will be concluded. Any transaction, should it occur, would be funded through existing resources.
Conviviality continues to look for value-enhancing investments and to manage our existing portfolio in order to maximise value for all our shareholders.
24 April 2014
Enquiries: | |
Conviviality Retail Plc | Tel: 01270 614 700 |
Diana Hunter, Chief Executive Officer | |
Julie Wirth, Finance Director | |
Zeus Capital (Nominated Adviser and Joint Broker) | |
Nick Cowles/Andrew Jones (Corporate Finance) | Tel: 0161 831 1512 |
John Goold (Corporate Broking) | Tel: 020 7533 7727 |
Panmure Gordon (Joint Broker) | Tel: 020 7886 2500 |
Andrew Godber Adam Pollock | |
Instinctif Partners | Tel: 020 7457 2020 |
Matthew Smallwood | |
Justine Warren | |