9 Jul 2015 07:30
9 July 2015
Conviviality Retail Plc
("Conviviality" or "the Company")
Response to media speculation
Conviviality Retail Plc (AIM: CVR), the UK's largest franchised off-licence and convenience store brands trading primarily under the Bargain Booze fascia, confirms that, following media speculation, it is participating in a managed sale process in respect of Matthew Clark (Holdings) Limited which, if successful, would constitute a Reverse Takeover under the AIM Rules.
The Company's shares will therefore be suspended from trading immediately and remain suspended until either these discussions have ceased or an AIM Admission Document has been published.
The Company will update shareholders with further information as appropriate. The Company will publish its Preliminary Results on Monday 13 July 2015.
Enquiries:
Conviviality Retail Plc Diana Hunter, Chief Executive Officer Andrew Humphreys, Finance Director
| via FTI Consulting |
Zeus Capital (NOMAD & Joint Broker) John Goold / Adam Pollock Nick Cowles / Andrew Jones
| Tel: 020 7533 7727 |
Investec Bank plc (Joint Broker) Garry Levin / David Flin / Daniel Adams
| Tel: 020 7597 4000 |
FTI Consulting Jonathon Brill / Alex Beagley / Tom Hufton | Tel: 020 3727 1000 |
Notes to Editors
Conviviality Retail Plc owns the UK's largest franchised off-licence and convenience chain with over 600 franchisee-operated stores and 390 Franchisee partners. The stores are located throughout England and Wales and operate under fascias including Bargain Booze, Select Convenience and Wine Rack. Conviviality Retail's brands have unique points of difference to enable them to stand out and compete in a busy and undifferentiated competitive landscape.
Conviviality Retail Plc operates as a wholesale buying, marketing and logistics business offering a full support package to the Company's Franchisee partner and retail stores.
www.convivialityretail.co.uk