Coral Products PLC Further re: Extension of Supply Contract (1089H)

TIDMCRU

RNS Number : 1089H

Coral Products PLC

13 November 2018

CORAL PRODUCTS PLC

("Coral" or the "Company")

Further re: Extension of Supply Contract

Coral Products PLC, a specialist in the design, manufacture and supply of plastic products based in Haydock, Merseyside, is pleased to announce that further to the Company's announcement of 8 August 2018, the Company's Haydock Mouldings Division has received a further order of GBP795,000 in relation to the supply contract for totes for the customer's UK fulfilment centres.

The previous extensions have had a positive effect on sales and performance at Haydock Mouldings, and the further orders are expected to continue this trend into the fourth quarter of Coral's current financial period ending on 30 April 2019.

Mick Wood CEO said, "This is more positive news for our Haydock Mouldings and is an excellent outcome for the continued hard work on-site to support the growth of this important customer."

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

Enquiries:

 
 
 Coral Products plc              Tel: [phone] 
  Mick Wood, CEO 
  Sharon Gramauskas, FD 
 
 Cairn Financial Advisers LLP   Tel: [phone] 
 Nominated Adviser 
 Tony Rawlinson / Liam Murray 
 
 Daniel Stewart & Company plc   Tel: [phone] 
 Broker 
 David Lawman 
 
 Capital Markets Consultants    Tel: [phone] 
  Limited 
 PR 
 Richard Pearson 
 

Caution regarding forward looking statements

Certain statements in this announcement, are, or may be deemed to be, forward looking statements. Forward looking statements are identi ed by their use of terms and phrases such as "believe", "could", "should" "envisage", "estimate", "intend", "may", "plan", "potentially", "expect", "will" or the negative of those, variations or comparable expressions, including references to assumptions. These forward looking statements are not based on historical facts but rather on the Directors' current expectations and assumptions regarding the Company's future growth, results of operations, performance, future capital and other expenditures (including the amount, nature and sources of funding thereof), competitive advantages, business prospects and opportunities. Such forward looking statements re ect the Directors' current beliefs and assumptions and are based on information currently available to the Directors.

A number of factors could cause actual results to differ materially from the results discussed in the forward looking statements including risks associated with vulnerability to general economic and business conditions, competition, environmental and other regulatory changes, actions by governmental authorities, the availability of capital markets, reliance on key personnel, uninsured and underinsured losses and other factors, many of which are beyond the control of the Company. Although any forward looking statements contained in this announcement are based upon what the Directors believe to be reasonable assumptions, the Company cannot assure investors that actual results will be consistent with such forward looking statements. Accordingly, readers are cautioned not to place undue reliance on forward looking statements. Subject to any continuing obligations under applicable law or any relevant AIM Rule requirements, in providing this information the Company does not undertake any obligation to publicly update or revise any of the forward looking statements or to advise of any change in events, conditions or circumstances on which any such statement is based.

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 [e-mail] or visit www.rns.com.

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November 13, 2018 02:00 ET (07:00 GMT)