7 Jun 2018 14:10
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 |
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Damien Harte, Group Finance Director |
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Cenkos Securities (Nomad & Broker) | +44 (0) 20 7397 8900 |
Nicholas Wells, Jeremy Osler |
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Harry Hargreaves |
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Berenberg (Joint Broker) | +44 (0) 20 3207 7800 |
Chris Bowman, Toby Flaux |
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James Brooks |
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FTI Consulting | +44 (0) 20 3727 1340 |
Nick Hasell, Matthew O'Keeffe |
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Alex Le May |
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ESL.L (ESL)