Completion of Divestment of Xaar 3D

RNS Number : 9660Q

Xaar PLC

01 November 2021

 

Xaar plc

Completion of Divestment of Xaar 3D

Xaar plc (the "Company"), the leading inkjet printing technology group, is pleased to announce that the proposed divestment of the Company's remaining interest in Xaar 3D completed earlier today.

Words and phrases used, but not defined in this announcement, shall have the same meaning as in the Circular.

Contact information

Xaar plc
Ian Tichias, Chief Financial Officer	[phone]
John Mills, Chief Executive Officer
Investec Bank plc (Financial Adviser, Sponsor & Broker)	[phone]
David Anderson
Henry Reast
Shalin Bhamra
Tulchan Communications	[phone]
James Macey White
Giles Kernick

Important Notices

Investec Bank, which is authorised by the PRA and regulated in the United Kingdom by the FCA and the PRA, is acting solely for the Company and no-one else in connection with the matters referred to in this announcement. Investec is not responsible to anyone other than the Company for providing the protections afforded to clients of Investec or for providing advice in connection with the contents of this announcement or any other matters referred to herein.

This announcement may contain and the Company may make verbal statements containing "forward-looking statements" with respect to certain of the Company's plans and its current goals and expectations relating to its future financial condition, performance, strategic initiatives, objectives and results. Forward-looking statements sometimes use words such as "aim", "anticipate", "target", "expect", "estimate", "intend", "plan", "goal", "believe", "seek", "may", "could", "outlook" or other words of similar meaning.   By their nature, all forward-looking statements involve risk and uncertainty because they relate to future events and circumstances which are beyond the control of the Company. As a result, the actual future financial condition, performance and results of the Company may differ materially from the plans, goals and expectations set forth in any forward-looking statements. Any forward-looking statements made in this announcement by or on behalf of the Company speak only as of the date they are made. These forward-looking statements reflect the Company's judgment at the date of this announcement and are not intended to give any assurance as to future results and cautions that its actual results of operations and financial condition, and the development of the industry in which it operates, may differ materially from those made in or suggested by the forward-looking statements contained in this announcement and/or information incorporated by reference into this announcement. The information contained in this announcement is subject to change without notice and except as required by applicable law or regulation, the Company expressly disclaims any obligation or undertaking to publish any updates, supplements or revisions to any forward-looking statements contained in this announcement to reflect any changes in the Company's expectations with regard thereto or any changes in events, conditions or circumstances on which any such statements are based, except where required to do so under applicable law.

No statement in this announcement is intended as a profit forecast or estimate for any period and no statement in this announcement should be interpreted to mean that earnings, earnings per share or income, cash flow from operations or free cash flow for the Company post-transaction for the current or future financial years would necessarily match or exceed the historical published earnings, earnings per share or income, cash flow from operations or free cash flow for the Company. This announcement is not intended to, and does not constitute, or form part of, any offer to sell or an invitation to purchase or subscribe for any securities or a solicitation of any vote or approval in any jurisdiction.

 

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