NGR Nature Grp

TIDMNGR

RNS Number : 7510H

Nature Group PLC

15 March 2018

This announcement contains inside information

Nature Group plc

("Nature Group" or the "Group")

Further re: Trading Update

Nature Group plc (AIM:NGR), the provider of port reception facilities and waste treatment solutions for the oil, marine and process industries, provides a further update following the announcement released on 7 March 2018 (the "Trading Update"). In the Trading Update the Board confirmed that it was actively engaged in a process to dispose of Nature Oil & Gas Holding, its wholly-owned subsidiary, and was in advanced discussions with a preferred bidder, having reached agreement on indicative terms and pricing (the "Proposed Sale").

The Board advises that, following release of the Trading Update, it has received indications of interest from a number of parties in relation to possible acquisition of certain of the Group's Maritime operations as well as further indications of interest in relation to the possible acquisition of the Group's Oil & Gas operations.

The Board will diligently progress these early-stage discussions alongside the Proposed Sale, completion of which remains subject to, among other things, continued negotiation, a due diligence period and the entry of the parties into definitive, binding agreements. Shareholders should note that there is no certainly that any transaction, including the Proposed Sale, will be concluded on the terms indicated or at all.

Further updates will be issued in due course.

For further information:

 
 Nature Group PLC 
 Andreas Drenthen, CEO          Tel: + 31 653261484 
 Berend van Straten, Chairman   Tel: + 31 626805605 
 
 Cenkos Securities plc 
 Neil McDonald                  Tel: +44 (0)131 220 9771 / 
                                 +44 (0)207 397 1953 
 Beth McKiernan                 Tel: +44 (0)131 220 9778 / 
                                 +44 (0)207 397 1950 
 Pete Lynch                     Tel: +44 (0)131 220 9772 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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March 15, 2018 03:00 ET (07:00 GMT)

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