Airea PLC Statement Regarding James Halstead plc (9357O)
May 22 2018 - 11:05AM
UK Regulatory
TIDMAIEA
RNS Number : 9357O
Airea PLC
22 May 2018
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART
IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A
VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.
The information communicated in this announcement contains
inside information for the purposes of Article 7 of the Market
Abuse Regulation (EU) No. 596/2014.
Airea plc
("Airea" or the "Company")
Statement Regarding James Halstead plc
The Board of Airea notes the announcement made by James Halstead
plc ("James Halstead") that it does not intend to make an offer for
Airea.
The initial approach from James Halstead was unsolicited and the
discussions between the two parties did not reach agreement on
potential terms for any offer.
As noted in Airea's final results announcement on 21 March 2018,
the significant changes made to the group and the increased
investment in a successful commercial flooring business provide
significant opportunities for growth and we look forward with
confidence to delivering value for shareholders as an independent
company.
This announcement has been made by Airea without the agreement
or approval of James Halstead.
Enquiries:
Airea plc
Neil Rylance, Chief Executive Officer 01924 266 561
Roger Salt, Finance Director
N+1 Singer (Financial Adviser, Nominated Adviser and Broker)
Richard Lindley 020 7496 3000
James White
Nplus1 Singer Advisory LLP ("N+1 Singer"), which is authorised
and regulated in the United Kingdom by the Financial Conduct
Authority, is acting exclusively for the Company as financial
adviser, Nominated Adviser and broker to the Company and is not
acting for any other person. N+1 Singer will not be responsible to
anyone other than the Company for providing the protections
afforded to its clients or for providing advice in relation to the
contents of this announcement.
Publication on Website
A copy of this announcement will be made available (subject to
certain restrictions relating to persons resident in restricted
jurisdictions) on the Airea plc website at www.aireaplc.com by no
later than 12.00 noon (London time) on 23 May 2018.
For the avoidance of doubt, the content of the website referred
to above is not incorporated into and does not form part of this
announcement.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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