Rejection of approach

RNS Number : 1191P

Pittards PLC

27 September 2013

 



Pittards Plc

Board rejects approach 

Pittards plc (the Company), the specialist producer of technically advanced leather and luxury leather goods for sale to retailers, manufacturers and distributors, announces that, following discussion with its major shareholders the board has unanimously rejected an unsolicited indicative cash offer to buy the Company on the grounds that the proposed price, while representing a premium to the market price, significantly undervalued the business and its current and  future prospects.

Contacts:

Pittards plc                                                                                         www.pittards.com

Stephen Boyd, Chairman                                                             [phone]

Reg Hankey, Chief Executive                                                      [phone]

Jill Williams, Finance Director                                                 [phone]

WH Ireland Limited                                                                    www.wh-ireland.co.uk

John Wakefield                                                                               44 (0) 117 945 3470

 

END

 

 

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