AGM Statement

RNS Number : 4533O

Optare PLC

30 June 2010

 



Optare plc

("Optare" or the "Company")

AGM Statement

Optare will be holding its Annual General Meeting today at 10 am.  At the meeting, Jim Sumner, CEO, will make the following statement: 

"On the 7 January 2010 the Company announced that it had had received a preliminary approach which may or may not lead to an offer being made for the majority of the issued share capital of the Company.

As the Board has previously stated it is at an advanced stage of talks with one of these potential partners.  We are pleased that these talks continue in a positive manner and a further announcement will be made in due course.

The Board continues to believe that entering into such a partnership will be a key part of Optare's strategy to realise the full potential of the business by benefiting from joint sales activity, new distribution channels, low cost sourcing and potential technology sharing."

For further information please contact:

Optare plc Jim Sumner - Chief Executive

Tel: [phone]

Cenkos Securities plc Stephen Keys/Camilla Hume

Tel: [phone]

 

END

 

 

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