Flowgroup plc Completion of the sale of Flow Energy (8147M)

TIDMFLOW

RNS Number : 8147M

Flowgroup plc

01 May 2018

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.

Flowgroup plc

(the "Company")

Completion of the sale of Flow Energy

Further to its announcement on 30 April 2018, Flowgroup plc is pleased to announce that it has today completed the sale of Flow Energy Limited.

Capitalised terms used herein but not defined have the same meaning given to them in the Circular.

MAR

The information contained within the announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR"). Upon the publication of this announcement via Regulatory Information Service ("RIS"), this inside information is now considered to be in the public domain.

Enquiries

 
Flowgroup plc                               [phone] 
 Alan Lovell, Chairman                       3637 
 Nigel Canham, Chief Financial Officer 
 
 Smith Square Partners LLP (Financial 
 adviser)                                    [phone] 
 Jonathan Coddington / Matt Alexander        7260 
 
 Cenkos Securities plc (Nominated adviser 
 and broker)                                 [phone] 
 Stephen Keys / Mark Connelly / Callum       8900 
 Davidson (Corporate Finance) 
 
 Walbrook PR Ltd (Financial PR advisers)     [phone] 
 Paul McManus / Nick Rome                    8780 
 

Notice to all investors

Smith Square Partners LLP ("Smith Square"), which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is acting exclusively as financial adviser to Flowgroup and no-one else in connection with the Sale and will not be responsible to anyone other than Flowgroup for providing the protections afforded to clients of Smith Square nor for providing advice in connection with the Sale or any matter referred to herein. Neither Smith Square nor any of its subsidiaries, branches or affiliates owes or accepts any duty, liability or responsibility whatsoever (whether direct or indirect, whether in contract, in tort, under statute or otherwise) to any person who is not a client of Smith Square in connection with this announcement, any statement contained herein, the Sale or otherwise.

Cenkos Securities plc ("Cenkos") which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is acting solely for Flowgroup in relation to the Sale in its capacity as Nominated adviser and broker and no-one else and will not be responsible to anyone other than Flowgroup for providing the protections afforded to clients of Cenkos nor for providing advice in relation to Flowgroup or any other matter referred to in this announcement.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

May 01, 2018 13:19 ET (17:19 GMT)