This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 (“MAR”). Upon the publication of this announcement, the inside information is now considered to be in the public domain for the purposes of MAR.
7 June 2018
Eddie Stobart Logistics plc (“Eddie Stobart” or the “Company”)
The Company announces that it is in discussions regarding the potential acquisition of a logistics service provider whose operations are complementary to the Eddie Stobart group’s existing offering. It is expected that the total consideration would be in the region of £50 million, funded by a mix of debt and equity and that, if completed, the transaction would be earnings enhancing in the first full year of ownership. There can be no certainty that the potential acquisition will be agreed or will complete successfully. An update will be provided as appropriate.
Eddie Stobart Logistics plc
Alex Laffey, Chief Executive Officer
Damien Harte, Chief Financial Officer
call via FTI Consulting
Cenkos Securities Plc (Nomad & Joint Broker)
Elizabeth Bowman / Jeremy Osler / Harry Hargreaves
+44 (0)20 7397 8900
Berenberg (Joint broker)
Chris Bowman / Toby Flaux / James Brooks
+44 (0)20 3207 7800
Nick Hasell / Alex Le May/ Matthew O’Keeffe
+44 (0)20 3727 1340