Re: Potential Acquisition

RNS Number : 2325M

Wynnstay Group PLC

22 August 2013

 



AIM: WYN

Wynnstay Group plc

("Wynnstay" or the "Company")

Re: Potential Acquisition

Further to its announcement of 30 July 2013, Wynnstay, the agricultural supplies and specialist retail group, is pleased to provide an update on its proposed acquisition of all of the business and assets of Carmarthen and Pumsaint Farmers Limited (the "Society") except for its freehold properties (the "Acquisition").

At the Society's special general meeting, held yesterday, its ordinary members passed a special resolution to convert the Society from its current status as an industrial and provident society into a private limited company (the "Conversion") and approve the Acquisition.

The Acquisition is now conditional on, inter alia, the Society's ordinary members passing an ordinary resolution to confirm the Conversion, at a second general meeting which is to be held on 11 September 2013 (the "Second Meeting").  Assuming the vote is passed at the Second Meeting, the Company expects that the Acquisition will complete at the end of September. The Company will make further announcements in relation to the outcome of the Second Meeting and the expected completion date for the Acquisition in due course.

Enquiries:

Wynnstay Group plc	Ken Greetham, Chief Executive Paul Roberts, Finance Director	T: 01691 828512
Biddicks	Katie Tzouliadis / Alex Shilov	T: 020 3178 6378
Shore Capital (Nomad)	Stephane Auton / Patrick Castle	T: 020 7408 4090

 

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