Share price movement

15 Sep 2009 15:04



For immediate release

Statement re: Share price movement

Universe Group plc ("Universe" or the "Company"), the AIM (UNG.L) listed retail and loyalty systems group, notes the recent movement in its share price and announces that it has received a preliminary approach, subject to due diligence. This approach may or may not lead to an Offer being made for the issued and to be issued share capital of the Company. There is no certainty that an Offer will be made.

The Directors remain committed to pursuing a strategy which enhances shareholder value and believe that the Company's current share price does not properly reflect its prospects. 

A further announcement will be made in due course.

Enquiries: 

Universe Group PLC Tel: 023 8068 9510 

John Scholes, Chairman 

Paul Cooper, Chief Executive Officer 

Bob Smeeton, Finance Director 

Arbuthnot Securities Limited Tel: 020 7012 2000 

Tom Griffiths

Tavistock Communications Tel: 020 7920 3150

Jeremy Carey