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Further re: Trading Update

15 Mar 2018 07:00

RNS Number : 7510H
Nature Group PLC
15 March 2018
 

This announcement contains inside information

 

Nature Group plc

 

("Nature Group" or the "Group")

 

Further re: Trading Update

 

Nature Group plc (AIM:NGR), the provider of port reception facilities and waste treatment solutions for the oil, marine and process industries, provides a further update following the announcement released on 7 March 2018 (the "Trading Update"). In the Trading Update the Board confirmed that it was actively engaged in a process to dispose of Nature Oil & Gas Holding, its wholly-owned subsidiary, and was in advanced discussions with a preferred bidder, having reached agreement on indicative terms and pricing (the "Proposed Sale").

 

The Board advises that, following release of the Trading Update, it has received indications of interest from a number of parties in relation to possible acquisition of certain of the Group's Maritime operations as well as further indications of interest in relation to the possible acquisition of the Group's Oil & Gas operations.

 

The Board will diligently progress these early-stage discussions alongside the Proposed Sale, completion of which remains subject to, among other things, continued negotiation, a due diligence period and the entry of the parties into definitive, binding agreements. Shareholders should note that there is no certainly that any transaction, including the Proposed Sale, will be concluded on the terms indicated or at all.

 

Further updates will be issued in due course.

 

For further information:

 

Nature Group PLC

 

Andreas Drenthen, CEO

Tel: + 31 653261484

Berend van Straten, Chairman

Tel: + 31 626805605

 

 

Cenkos Securities plc

 

Neil McDonald

Tel: +44 (0)131 220 9771 / +44 (0)207 397 1953

Beth McKiernan

Tel: +44 (0)131 220 9778 / +44 (0)207 397 1950

Pete Lynch

Tel: +44 (0)131 220 9772

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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