Statement re Morrisons Recommended Cash Offer

RNS Number : 0890E

McColl's Retail Group plc

05 July 2021

 

5 July 2021

Statement re Morrisons Recommended Cash Offer

McColl's Retail Group plc ("McColl's", the "Company" or "the Group") notes the news that Wm Morrison Supermarkets PLC ("Morrisons") has reached an agreement with Oppidum Bidco Limited on the terms of a recommended all cash offer for the entire issued, and to be issued, share capital of Morrisons.

McColl's extended its wholesale supply contract with Morrisons in February 2021 by a further three years to January 2027, providing the business with even greater access to Morrisons' grocery expertise and brand. This contract will not be affected by any potential changes in the ownership of Morrisons.

The Company's focus remains firmly on maximising efficiency in its wholesale supply arrangements and the successful rollout of Morrisons Daily conversions across the estate. McColl's looks forward to continuing to build on the strong relationship developed with Morrisons over the years to serve our local neighbourhood communities with a high quality convenience offer.

Enquiries

For further information, please contact:

Analyst & Investors:	Tej Randhawa, McColl's	[phone]
Media:	Ed Young, Headland Rob Walker, Headland Charlie Twigg, Headland	[phone] [e-mail]

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 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.

 

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