Share price movement and media speculation

RNS Number : 9463N

Mothercare PLC

14 May 2018

 

MOTHERCARE PLC

Statement re share price movement and media speculation

In light of recent speculation and further to the announcement of 2 March 2018, Mothercare plc announces that it is now finalising a comprehensive restructuring and refinancing package to put the business on a stable and sustainable financial footing. We are in the final stages of detailing these restructuring plans alongside new committed debt facilities, an underwritten equity issue and access to other sources of capital which we intend to announce with our final results, which are expected to be published on 17 May 2018. A further announcement will be made in due course.

Investor and Analyst enquiries to:

Mothercare plc

David Wood, Chief Executive Officer                                                01923 206037

Glyn Hughes, Chief Financial Officer                                                 01923 206037

Media enquiries to:

MHP Communications:

Simon Hockridge / Tim Rowntree                                                     020 3128 8789

 

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