27 Jul 2010 07:00
27 July 2010
MBL Group plc
("MBL" or the "Company")
Clarification of Final Results Statement
Further to the Final Results announcement released on 19 July 2010, the Company would like to clarify the following statement made in the Chairman's Statement, "It further acknowledges the current concentration of the business on its major customer, which is presently contracted to September 2011".
The contract being referred to is the contract with Morrisons Supermarkets plc ("Morrisons") that was announced on 22 June 2009. In that announcement, it was stated that the contract ran "into 2012".
To clarify, the contract with Morrisons was signed in June 2009, but was dated March 2009. The contracts runs to March 2012, but Morrisons has the option to terminate the contract six months early, in September 2011, provided they give MBL six months written notice. It should be noted that MBL has had a successful long-term commercial relationship with Morrisons.
With respect to the 7.5p per share final dividend announced in the Final Results statement, the record date for that dividend will be 7 January 2011 and the payment date will be 21 January 2011.
Enquiries:
| MBL GROUP PLC |
| Tel: 0161 767 1620 |
| Peter Cowgill, Chairman |
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| BISHOPSGATE COMMUNICATIONS LIMITED |
| Tel: 020 7562 3350 |
| Gemma O'Hara/Siobhra Murphy |
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| BREWIN DOLPHIN |
| Tel: 0845 213 4729 |
| Mark Brady |
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Notes to editors:
About MBL Group
MBL is the UK's leading distributor of home entertainment products, supplying category management services to a number of major retail customers. Listed on the AIM (AIM 'MUBL'), MBL has grown rapidly over recent years and now offers its client base a suite of retail solutions across in-store, online and digital. MBL works with clients in the UK, Middle East and US.