Offer Talks Terminated

18 Oct 2007 08:27

SMC Group Plc18 October 2007 18 October 2007 SMC Group Plc ("SMC" or the "Group") Offer discussions terminated Further to the announcement made on 12 October 2007 stating that the Board of SMC was in ongoing discussions with a private equity-backed third party for a potential offer for the Group, the Board of SMC announces that all offer discussions have now ceased. As a consequence, SMC is no longer in an offer period. Further to SMC's Interim Financial Results announcement on 27 September 2007, latest management information indicates that the Group continues to perform positively and in line with management's expectations. Following the successful implementation of the recommendations of the internal review, the Board is increasingly confident of the Group's new business strategy and its ability to deliver a more prosperous future. -ends- For further information please contact: SMC Group Plc Tel: +44 (0)20 7495 5335Robert Boardman Numis Securities Tel: +44 (0)20 7260 1000Stuart Skinner/James Serjeant Bell Pottinger Corporate & Financial Tel: +44 (0)207 861 3232David Rydell/Chris Hamilton This information is provided by RNS The company news service from the London Stock Exchange