Crawshaw Group PLC Statement re media speculation (2521F)
October 26 2018 - 2:00AM
UK Regulatory
TIDMCRAW
RNS Number : 2521F
Crawshaw Group PLC
26 October 2018
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) No 596/2014 ("MAR").
Crawshaw Group PLC
("Crawshaw Group" or the "Company")
Statement re media speculation
The Board of Crawshaw Group plc notes the recent media
speculation regarding a potential financial restructuring and
equity fundraising.
As announced in the Company's interim results on 26 September
2018, the Board have completed their review of the business and is
implementing its change programme to restore growth and
profitability, which includes reviewing its structure and
investment in traditional high street locations. The Board confirms
that it is considering a number of remedial actions to address the
key issues it has identified, which may include raising additional
funding through an equity capital raising. No decision has yet been
made by the Board on these matters and the Company will update the
market in due course.
Enquiries:
Crawshaw Group plc
Jim Viggars, Nick Taylor 01709 369 600
Peel Hunt LLP (Nomad and broker)
Adrian Trimmings, George Sellar 020 7418 8900
WH Ireland Limited (Joint Broker)
Katy Mitchell, James Sinclair Ford,
Jasper Berry 020 7220 1666
Citigate Dewe Rogerson
Angharad Couch, Nick Hayns 020 7638 9571
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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