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Market Cap: £3.05b
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Response to Press Speculation

16 Dec 2020 11:22

RNS Number : 8732I
Cranswick PLC
16 December 2020
 

THIS ANNOUNCEMENT IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION, DISTRIBUTION OR FORWARDING, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, SOUTH AFRICA, JAPAN, NEW ZEALAND OR ANY OTHER JURISDICTION IN WHICH SUCH PUBLICATION, RELEASE OR DISTRIBUTION WOULD BE UNLAWFUL. FURTHER, THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND IS NOT AN OFFER OF SECURITIES IN ANY JURISDICTION.

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF THE MARKET ABUSE REGULATION (REGULATION (EU) NO. 596/2014).

For immediate release.

16 December 2020

Cranswick plc

Response to Press Speculation

 

The Board of Cranswick plc ("Cranswick", the "Company" or the "Group") notes the recent press speculation with regard to a potential acquisition.

 

In line with the Company's stated long-term growth strategy to expand its product offering through further diversification, Cranswick regularly considers acquisition opportunities.

 

The Board confirms that it is currently engaged in a process regarding the potential acquisition of Inspired Pet Nutrition Limited, a leading UK pet food business. If successful, the Group's current intention is to part-finance the acquisition via an equity placing of less than 10% of issued share capital to investors.

 

There can be no certainty at this time that the acquisition will progress. The Company will make a further announcement if and when appropriate.

 

 

Enquiries 

 

 

Powerscourt

 

Nick Dibden / Lisa Kavanagh

 

Tel: 020 7250 1446

 

 

The person responsible for arranging for the release of this announcement on behalf of the Company is Steven Glover, Group Company Secretary.

This announcement and the information contained in it is restricted and is not for release, publication, distribution or forwarding, in whole or in part, directly or indirectly, in or into any jurisdiction in which such publication, release or distribution would be unlawful.

This announcement or any part of it does not constitute or form part of any offer to issue or sell, or the solicitation of an offer to acquire, purchase or subscribe for, any securities in the United States, Canada, Australia, New Zealand, South Africa, Japan or any other jurisdiction in which the same would be unlawful. No public offering of any securities in connection with the equity fundraising referred to in this announcement is being, or will be, made in any such jurisdiction.

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.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
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