UVEN Uvenco Uk

TIDMUVEN

RNS Number : 1072P

Uvenco UK plc

24 May 2018

24 May 2018

UVENCO UK PLC ("Uvenco" or the "Company")

Sale of the assets of certain subsidiary companies

On 21 May 2018 the Company announced that it was considering options available to it following the receipt of an offer for the purchase of the assets of its three trading subsidiaries, Uvenco Limited, Snack in the Box Limited and Drinkmaster Limited (the "Trading Subsidiaries"), and an alternative offer to buy Drinkmaster Limited alone as a going concern.

The Board of the Company has currently concluded that the only deliverable option, in the time available to it, may be to pursue a sale of the trading assets only of the Trading Subsidiaries. This sale would be effected out of an administration. KPMG are advising the Company in this respect and any appointment will be confirmed by a separate announcement at the respective time.

The Directors will continue to operate the affairs of Uvenco UK plc.

Suspension of trading on AIM

At the request of the Company, trading on AIM in the Company's ordinary shares will be suspended from 7:30 a.m. today, pending clarification of its financial position.

Further announcements will be made in due course.

For further information:

 
 Uvenco UK PLC 
 
Sergei Kornienko CEO   020 8879 8300 
 

Jeremy Hamer, Chairman

 
Stockdale Securities Limited 
Tom Griffiths 
 Richard Johnson               020 7601 6100 
 

The information contained within this Announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014.

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.

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