Statement Regarding James Halstead plc

RNS Number : 9357O

Airea PLC

22 May 2018

 

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 OF SUCH JURISDICTION.

The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.

Airea plc

("Airea" or the "Company")

Statement Regarding James Halstead plc

The Board of Airea notes the announcement made by James Halstead plc ("James Halstead") that it does not intend to make an offer for Airea.  

The initial approach from James Halstead was unsolicited and the discussions between the two parties did not reach agreement on potential terms for any offer. 

As noted in Airea's final results announcement on 21 March 2018, the significant changes made to the group and the increased investment in a successful commercial flooring business provide significant opportunities for growth and we look forward with confidence to delivering value for shareholders as an independent company.

This announcement has been made by Airea without the agreement or approval of James Halstead.

Enquiries:

Airea plc

Neil Rylance, Chief Executive Officer                                                                                    01924 266 561

Roger Salt, Finance Director

N+1 Singer (Financial Adviser, Nominated Adviser and Broker)

Richard Lindley                                                                                                                           020 7496 3000

James White

Nplus1 Singer Advisory LLP ("N+1 Singer"), which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is acting exclusively for the Company as financial adviser, Nominated Adviser and broker to the Company and is not acting for any other person. N+1 Singer will not be responsible to anyone other than the Company for providing the protections afforded to its clients or for providing advice in relation to the contents of this announcement.

Publication on Website

A copy of this announcement will be made available (subject to certain restrictions relating to persons resident in restricted jurisdictions) on the Airea plc website at www.aireaplc.com by no later than 12.00 noon (London time) on 23 May 2018.

For the avoidance of doubt, the content of the website referred to above is not incorporated into and does not form part of this announcement.

 

END

 

 

STRKMGZKKZRGRZM