Crawshaw Group PLC Statement re media speculation (2521F)

TIDMCRAW

RNS Number : 2521F

Crawshaw Group PLC

26 October 2018

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 ("MAR").

Crawshaw Group PLC

("Crawshaw Group" or the "Company")

Statement re media speculation

The Board of Crawshaw Group plc notes the recent media speculation regarding a potential financial restructuring and equity fundraising.

As announced in the Company's interim results on 26 September 2018, the Board have completed their review of the business and is implementing its change programme to restore growth and profitability, which includes reviewing its structure and investment in traditional high street locations. The Board confirms that it is considering a number of remedial actions to address the key issues it has identified, which may include raising additional funding through an equity capital raising. No decision has yet been made by the Board on these matters and the Company will update the market in due course.

 
 Enquiries: 
 Crawshaw Group plc 
  Jim Viggars, Nick Taylor               01709 369 600 
 
 
 Peel Hunt LLP (Nomad and broker) 
  Adrian Trimmings, George Sellar        020 7418 8900 
 WH Ireland Limited (Joint Broker) 
  Katy Mitchell, James Sinclair Ford, 
  Jasper Berry                           020 7220 1666 
 Citigate Dewe Rogerson 
  Angharad Couch, Nick Hayns             020 7638 9571 
 
 

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.

END

SPCEAPESAEXPFFF

(END) Dow Jones Newswires

October 26, 2018 02:00 ET (06:00 GMT)