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CVR Conviviality

101.20
0.00 (0.00%)
16 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Conviviality LSE:CVR London Ordinary Share GB00BC7H5F74 ORD 0.02P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 101.20 101.20 102.00 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Conviviality PLC Supply Agreement with Palmer and Harvey (6777N)

28/10/2016 7:00am

UK Regulatory


Conviviality (LSE:CVR)
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TIDMCVR

RNS Number : 6777N

Conviviality PLC

28 October 2016

28 October 2016

Conviviality Plc

("Conviviality", "the Company" or "the Group")

Supply Agreement with Palmer and Harvey

Conviviality Plc (AIM: CVR), the UK's leading independent wholesaler and distributor of alcohol and impulse serving customers through its Franchised retail outlets and through hospitality and food service, is pleased to announce it has entered into a supply agreement with Palmer and Harvey McLane Limited ("P&H"), the UK's leading delivered wholesaler.

Under the initial two year agreement, Conviviality will supply P&H's National Distribution Centre with lower volume Beers, Wines & Spirits and P&H will supply Conviviality Retail with tobacco. This is expected to have minimal impact on earnings in the financial year ending 30 April 2017.

Diana Hunter, Chief Executive Officer of Conviviality, said:

"I am pleased that we have signed this agreement with P&H which demonstrates the significant role Conviviality plays in the UK drinks market. This agreement will help us to maintain and further improve our ability to invest in future initiatives and pricing to provide our customers and Franchisees with more opportunities to strengthen their business. We look forward to working with the P&H team on this exciting initiative for both our businesses."

Enquiries:

 
 Conviviality Plc                     Tel: 012 7061 4700 
  Diana Hunter, Chief Executive 
  Officer 
  Andrew Humphreys, Chief Financial 
  Officer 
 Investec Bank plc (NOMAD &           Tel: 020 7597 4000 
  Joint Broker) 
  Garry Levin / David Flin / 
  Daniel Adams 
 Zeus Capital (Joint Broker)          Tel: 020 7533 7727 
  John Goold / Adam Pollock / 
  Nick Cowles 
 FTI Consulting                       Tel: 020 3727 1000 
  Jonathon Brill / Alex Beagley 
  / Tom Hufton 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

AGRVDLFLQBFLFBB

(END) Dow Jones Newswires

October 28, 2016 02:00 ET (06:00 GMT)

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