Potential Acquisition

RNS Number : 6865Q

Eddie Stobart Logistics PLC

07 June 2018

 

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
Damien Harte, Group Finance Director
Cenkos Securities (Nomad & Broker)	[phone]
Nicholas Wells, Jeremy Osler
Harry Hargreaves
Berenberg (Joint Broker)	[phone]
Chris Bowman, Toby Flaux
James Brooks
FTI Consulting	[phone]
Nick Hasell, Matthew O'Keeffe
Alex Le May

 

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