Accrol Group Holdings PLC Update on LTC Share Purchase Agreement (5867E)
March 14 2022 - 2:00AM
UK Regulatory
TIDMACRL
RNS Number : 5867E
Accrol Group Holdings PLC
14 March 2022
14 March 2022
This announcement contains inside information for the purposes
of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it
forms part of UK domestic law by virtue of the European Union
(Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with
the Company's obligations under Article 17 of MAR.
Accrol Group Holdings plc
("Accrol", the "Company" or the "Group")
Update on Leicester Tissue Company Share Purchase Agreement
Accrol (AIM:ACRL), the UK's leading independent tissue
convertor, is pleased to announce that, following final settlement
with the vendor of Leicester Tissue Company ("LTC"), no sums are
due to be paid nor equity issued under the deferred consideration
arrangements relating to the acquisition of LTC.
Further details of the acquisition of LTC are contained in the
announcement issued by the Company on 2 November 2020 titled
"Acquisition and Launch of ABB".
Dan Wright, Chairman of Accrol, said: "LTC has proven an
extremely valuable addition to the Accrol manufacturing footprint.
Its operations are now fully integrated within the wider Accrol
business, allowing us to accommodate considerable growth and
realise significant efficiencies and synergies across the
Group."
For further information, please contact:
Accrol Group Holdings plc
Dan Wright, Executive Chairman Via Belvedere Communications
Gareth Jenkins, Chief Executive Officer
Richard Newman, Chief Financial Officer
Zeus Capital Limited (Nominated Adviser
& Broker)
Dan Bate / Jordan Warburton Tel: +44 (0) 161 831 1512
Dominic King Tel: +44 (0) 203 829 5000
Liberum Capital Limited (Joint Broker) Tel: +44 (0) 20 3100 2222
Clayton Bush / Edward Thomas
Belvedere Communications Limited
Cat Valentine Tel: +44 (0) 7715 769 078
Keeley Clarke Tel: +44 (0) 7967 816 525
accrolpr@belvederepr.com
Overview of Accrol
Accrol Group Holdings plc is a leading tissue converter and
supplier of toilet tissues, kitchen rolls, facial tissues, and wet
wipes to many of the UK's leading discounters and grocery retailers
across the UK. Following the acquisitions of LTC in Leicester and
JD in Flint, North Wales, the Group now operates from six
manufacturing sites, including four in Lancashire, which generate
revenues totalling c.16% of the GBP2.1bn UK retail tissue
market.
For more information, please visit www.accrol.co.uk .
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END
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