Haydock Production Facility Update

RNS Number : 8663B

Coral Products PLC

07 April 2017

 

CORAL PRODUCTS PLC

("Coral" or the "Company")

Additional orders for Coral's Haydock production facility

Coral Products PLC, is pleased to announce that it has received further orders for circa £900,000 for its on- line tote product. The orders will be produced at Coral Products Mouldings' facility at Haydock, Merseyside.

Coral Products Mouldings has also been nominated to receive a new order for a sun roof moulding having a value of circa £500,000 to be produced within its recently established automotive division within Haydock. The formal order is expected in the next few days. This is in addition to the components which were the subject of the Company's previous announcement on 24 March 2017.

Production of these orders is expected to commence in the Company's forthcoming financial year commencing on 1 May 2017.

There is no certainty that these orders will complete or be of the size currently indicated or that production will commence according to the anticipated schedule.

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

Enquiries:

Coral Products plc	Tel: [phone]
Joe Grimmond, Chairman
Cairn Financial Advisers LLP	Tel: [phone]
Nominated Adviser
Tony Rawlinson / Liam Murray
Daniel Stewart & Company plc	Tel: [phone]
Broker
David Lawman
Capital Markets Consultants Limited	Tel: [phone]
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 identified 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 reflect 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.

 

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