16 Jan 2019 16:43
16 January 2019
The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
XPEDIATOR PLC
("Xpediator" or the "Group")
Response to Media Speculation
Xpediator, (AIM: XPD), a leading provider of freight management services across the UK and Europe, notes the recent press comment regarding the potential acquisition of Intereuropa d.d., ("Intereuropa") a Slovenian logistics company.
Xpediator confirms that it is in discussions with Intereuropa's controlling shareholders (the "Shareholders") as part of a competitive sales process being conducted by the Shareholders' advisers (in cooperation with the board of Intereuropa). There can be no certainty that these discussions will result in any agreement being reached with the Shareholders or any formal offer being made by Xpediator. It is currently intended that any acquisition of Intereuropa would exclude the majority of its property portfolio and consideration would be funded largely through a combination of Xpediator's existing resources and debt funding.
Consistent with its stated strategy of making synergistic acquisitions to enhance organic growth, Xpediator has a pipeline of potential acquisition opportunities which at any given time are at various stages of consideration.
A further announcement will be made, as appropriate, in due course.
Enquiries
Xpediator plc | Tel: +44 (0)330 043 2395 |
Stephen Blyth, Chief Executive Officer | Email: info@xpediator.com |
Stuart Howard, Chief Financial Officer | |
SP Angel Corporate Finance LLP (Nominated Advisor & Joint Broker) | Tel: +44 (0)20 3470 0470 |
Jeff Keating | |
Caroline Rowe | |
| |
Cantor Fitzgerald Europe (Joint Broker) | Tel: +44 (0)20 7894 7000 |
David Foreman, Michael Boot (Corporate Finance) | |
Caspar Shand Kydd (Sales) | |
Novella Communications (Financial Public Relations) | Tel: +44 (0)20 3151 7008 |
Tim Robertson | |
Toby Andrews |
About Xpediator:
Xpediator is a well-established international provider of freight management services. Established in 1988 by CEO Stephen Blyth today the Group's International network of offices provides road, sea and air freight services, together with logistics and warehousing in the UK and Romania. The business offers integrated freight management within the supply chain logistics and fulfilment sector, through their three main areas: freight forwarding, logistics & warehousing and transport services. With headquarters in Braintree, Essex and country offices in nine CEE countries across 38 sites, the Group currently employs 938 people and was successfully listed on London's AIM market in August 2017.
For more information, please visit: www.xpediator.com.
Alternatively, do follow us on Twitter at @Xpediator or find us on LinkedIn at Xpediator Plc.