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RNS Number : 9264H

McColl's Retail Group plc

09 August 2021

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

FOR IMMEDIATE RELEASE

McColl's Retail Group plc

Response to media reporting

9 August 2021

Further to recent media reporting, McColl's Retail Group plc ("McColl's", the "Company" or "the Group") confirms it is currently exploring options relating to a potential capital raise to increase the number of its Morrisons Daily store conversions, accelerate the pace of roll-out of its Morrisons Daily store conversion programme, and strengthen its balance sheet.

No final decisions have been made on whether to proceed with a capital raise or with regards to the timing or size of any such capital raise.

The Company will make a further announcement if and when appropriate.

ENDS

Enquiries

For further information, please contact:

 
  Analyst & Investors:    Tej Randhawa, McColl's      +44 (0)1277 372916 
  Media:                  Ed Young, Headland          +44 (0)203 805 4822 
                           Rob Walker, Headland        mccolls@headlandconsultancy.com 
                           Charlie Twigg, Headland

Notes to editors

McColl's is a leading neighbourhood retailer, with an estate of over 1,200 managed convenience stores and newsagents. We operate McColl's and Morrisons Daily branded convenience stores as well as newsagents branded Martin's across the UK, except in Scotland where we operate under our heritage brand, RS McColl.

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No 596/2014

LEI: 213800R1TLR536P8YJ67

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END

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August 09, 2021 02:00 ET (06:00 GMT)

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