Completion of Acquisition

Unigel Group PLC

07 June 2024

 

Unigel Group plc

(the "Group" or the "Company")

Completion of Acquisition

Unigel Group plc (AQSE: UNX), the manufacturer and supplier of materials used in the manufacture of telecommunication fibre optic cables announces that, further to the announcements of 23 January 2024 and 28 May 2024 in relation to the acquisition of Unigel (UK) Limited ("Unigel") (the "Acquisition"), all conditions of the Acquisition have been successfully fulfilled and the Acquisition has now been completed. Subsequent to the completion of the Acquisition, Unigel has become a wholly owned subsidiary of the Group.

The Directors of the Company are responsible for the release of this announcement.

Enquiries:  

Unigel Group plc
Eric Chhoa	[phone]
Gary Revel-Chion	[phone]
Cairn Financial Advisers LLP (AQSE Corporate Adviser)
Jo Turner	[phone]
Ludovico Lazzaretti

Notes to Editors

Unigel Group plc is the holding company whose operating subsidiaries, Unigel (UK) Limited ("Unigel") and Unitape Limited ("Unitape") manufacture and distribute materials used in the manufacture of telecommunication fibre optic cables.

Unigel formulates, manufactures, and markets thixotropic gels primarily to the fibre optic cable industry. In addition, it also makes specialty gel products for the construction, green energy, and high voltage transmission apparatus markets.

Unitape is one of the largest domestic manufacturers and suppliers of laminated steel tapes to the fibre optic cable industry in North America.

 

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