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Potential Acquisition

7 Jun 2018 14:10

RNS Number : 6865Q
Eddie Stobart Logistics PLC
07 June 2018
 

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 ("MAR"). Upon the publication of this announcement, the inside information is now considered to be in the public domain for the purposes of MAR.

 

7 June 2018

Eddie Stobart Logistics plc("Eddie Stobart" or the "Company")

Potential Acquisition

 

The Company announces that it is in discussions regarding the potential acquisition of a logistics service provider whose operations are complementary to the Eddie Stobart group's existing offering. It is expected that the total consideration would be in the region of £50 million, funded by a mix of debt and equity and that, if completed, the transaction would be earnings enhancing in the first full year of ownership.

There can be no certainty that the potential acquisition will be agreed or will complete successfully. An update will be provided as appropriate.

Enquiries:

Eddie Stobart Logistics plc

via FTI Consulting

Alex Laffey, Chief Executive Officer

 

Damien Harte, Group Finance Director

 

 

 

Cenkos Securities (Nomad & Broker)

+44 (0) 20 7397 8900

Nicholas Wells, Jeremy Osler

 

Harry Hargreaves

 

 

 

Berenberg (Joint Broker)

+44 (0) 20 3207 7800

Chris Bowman, Toby Flaux

 

James Brooks

 

 

 

FTI Consulting

+44 (0) 20 3727 1340

Nick Hasell, Matthew O'Keeffe

 

Alex Le May

 

 

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.
 
END
 
 
ACQLLFIVRAIDIIT
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