De La Rue PLC Completion of paper transaction (4723J)

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RNS Number : 4723J

De La Rue PLC

29 March 2018

DE LA RUE PLC

Completion of paper transaction

29 March 2018

Further to the announcement of 1 February 2018, De La Rue plc ("De La Rue" or the "Group"), the world's leading security and anti-counterfeiting provider for banknotes, identity and brand protection, today announces that it has completed the sale of a 90% interest in Portals De La Rue Limited, the Group's paper business, to Epiris Fund II for a cash consideration of cGBP61m. The cash proceeds will initially be used to reduce the Group's debt.

The Board believes the transaction provides an opportunity to create greater long term value for its shareholders by enabling De La Rue to focus on its strategy of driving growth organically and through partnerships and acquisitions.

De La Rue plc's LEI code is 213800DH741LZWIJXP78.

Enquiries:

De La Rue plc [phone]

   Martin Sutherland           Chief Executive Officer 
   Lili Huang                      Head of Investor Relations 

Brunswick [phone]

Katharine Spence

Stuart Donnelly

About De La Rue

De La Rue's purpose is to enable every citizen to participate securely in the global economy. As a trusted partner of governments, central banks and commercial organisations, De La Rue provides products and services that underpin the integrity of trade, personal identity and the movement of goods.

As the world's largest designer and commercial printer of banknotes, De La Rue designs, manufactures and delivers banknotes, banknote substrates and security features to customers in a world where currency will continue to be a key part of the developing payments eco-system. De La Rue is the only integrated supplier of both paper and polymer banknotes, and creates security features that ensure banknotes are protected against counterfeiting.

De La Rue is the world's largest commercial designer and printer of passports, delivering national and international identity tokens and software solutions for governments in a world that is increasingly focused on the importance of a legal and secure identity for every individual.

De La Rue also creates and delivers secure product identifiers and 'track and trace' software for governments and commercial customers alike to help to tackle the challenge of illicit or counterfeit goods and the collection of revenue and excise duties.

De La Rue is listed on the London Stock Exchange (LSE:DLAR). For further information visit www.delarue.com

This information is provided by RNS

The company news service from the London Stock Exchange

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March 29, 2018 10:19 ET (14:19 GMT)