Update re: supply agreement

RNS Number : 7524J

Coral Products PLC

17 June 2014

 



17 June 2014

Coral Products plc

("Coral" or the "Company")

Update re: supply agreement with major on-line retailer

Further to the Company's announcement on 16 April 2014, the Board is pleased to announce that the ten year supply agreement ("Agreement") with a leading national on-line retailer has now been signed. Pursuant to the Agreement, the Company will supply a range of totes to support the on-line retailer's growing presence as it capitalises upon its acknowledged expertise in this fast expanding area. The customer has indicated that it expects to place orders that would generate revenues to the Company of approximately £8 million in the first two years of the contract. Initial deliveries are programmed from June 2014.

ENQUIRIES:

Coral Products plc                Joe Grimmond, Chairman   Warren Ferster, Chief Executive	Tel: [phone] Tel: [phone]
Cairn Financial Advisers LLP   Avi Robinson / Tony Rawlinson	Tel: [phone]
Hume Capital Securities plc David Lawman	Tel: [phone]
Bankside Consultants             Richard Pearson	Tel: [phone]

 

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