Flowgroup plc Flow Energy update (0084A)
March 21 2017 - 2:00AM
UK Regulatory
TIDMFLOW
RNS Number : 0084A
Flowgroup plc
21 March 2017
Flowgroup plc
("Flow" or the "Company" or the "Group")
Update re sale of Flow Energy Limited
On 8 February, the Company announced that it was actively
pursuing the sale of Flow Energy Limited and can now report that,
following that announcement, it received a number of indicative
offers for that part of the Group. The Company announces that it
has selected a preferred bidder and has entered into an exclusivity
agreement with this party. Whilst there can be no guarantee that
the sale of Flow Energy Limited will complete with this party, or
that the sale of Flow Energy Limited will complete at all, the
Company expects to make a further announcement in the coming weeks.
Any disposal would be conditional on shareholder approval.
The Directors continue to consider alternative funding options
for the Group should the disposal of Flow Energy Limited not
conclude for any reason.
Flowgroup plc www.flowgroup.uk.com
Tony Stiff, Group Chief Executive Tel: +44 (0)20 3137 4525
Officer
Nigel Canham, Chief Financial Officer
Cenkos Securities plc (NOMAD and Tel: +44 (0)20 7397 8900
Broker)
Stephen Keys/Callum Davidson (Corporate
Finance)
Julian Morse (Sales)
Walbrook PR Ltd (Media Relations) Tel: +44 (0)20 7933 8780 or flowgroup@walbrookpr.com
Paul McManus Mob: +44 (0)7980 541 893
Nick Rome Mob: +44 (0)7748 325 236
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCURRKRBUAOUAR
(END) Dow Jones Newswires
March 21, 2017 03:00 ET (07:00 GMT)
Flowgroup Plc (LSE:FLOW)
Historical Stock Chart
From Apr 2024 to May 2024
Flowgroup Plc (LSE:FLOW)
Historical Stock Chart
From May 2023 to May 2024
Real-Time news about Flowgroup (London Stock Exchange): 0 recent articles
More Flowgroup Plc News Articles