Vulcan Industries Plc Acquisition of Peregrine X Limited - Update

 
TIDMVULC 
 
16 November 2022 
 
                             Vulcan Industries plc 
 
                          ("Vulcan" or the "Company") 
 
                  Acquisition of Peregrine X Limited - Update 
 
Further to the announcement on 14 October 2022, Vulcan Industries plc (AQSE: 
VULC) announces that it has not been able to conclude the agreement to acquire 
the entire share capital of Peregrine X Limited and its 100% owned subsidiary 
Peregrine Analytics Limited ("Peregrine" together the "Peregrine Group") From 
Unity Global - FZCO (the "Vendor" or "Unity Group"). 
 
Discussions continue with both the Peregrine and Unity Group and further 
announcements will be made should these progress. 
 
For further information, visit: https://vulcanplc.com 
 
The directors of Vulcan accept responsibility for this announcement. 
 
Contacts 
 
Vulcan Industries plc                             Via Vox Markets 
 
Ian Tordoff, Chairman 
 
First Sentinel Corporate Finance Ltd              [phone] 
(AQSE Corporate Adviser) 
 
Brian Stockbridge 
 
Jenny Liu 
 
Vox Markets (Media and Investor Relations)        [e-mail] 
 
Kat Perez                                         [phone] 
 
Paul Cornelius                                    + 44 7866 384 707 
 
About Vulcan 
 
Vulcan has been incorporated to build a group of UK companies providing high 
quality products and services to the engineering, manufacturing and engineering 
sectors, particularly focussed on metal fabrication and precision engineering, 
which have underlying profitability and growth potential and can benefit from 
being part of a larger group focussed on similar or complementary sectors to 
the target. 
 
Vulcan seeks to acquire and consolidate traditional but historically profitable 
engineering, manufacturing and industrial SMEs for value and to enhance this 
value in part through group synergies, but primarily by unlocking growth which 
is not being achieved as a standalone private company. The group will also 
optimise productivity through the introduction of new technologies and 
processes. For more information visit https://www.voxmarkets.co.uk/listings/PLU 
/VULC 
 
About Unity Global - FZCO 
 
The Vendor is a subsidiary of the Unity Group, a mergers and acquisitions firm 
that specialise in attracting investment and creating opportunities for small 
to medium-sized enterprises ("SMEs") to scale. https://www.unity-group.com/ 
 
Forward Looking Statements 
 
This news release may contain "forward-looking" statements and information 
relating to the Company. These statements are based on the beliefs of Company 
management, as well as assumptions made by and information currently available 
to Company management. The Company does not undertake to update forward-looking 
statements or forward-looking information, except as required by law. 
 
The information contained within this announcement is deemed by the Company to 
constitute inside information as stipulated under the Market Abuse Regulations 
(EU) No. 596/2014. Upon the publication of this announcement via a Regulatory 
Information Service, this inside information is now considered to be in the 
public domain. 
 
 
 
END 
 
 

(END) Dow Jones Newswires

November 16, 2022 07:51 ET (12:51 GMT)