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Crawshaw Group PLC (CRAW)

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Friday 26 October, 2018

Crawshaw Group PLC

Statement re media speculation

RNS Number : 2521F
Crawshaw Group PLC
26 October 2018
 

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 ("MAR").

 

Crawshaw Group PLC

("Crawshaw Group" or the "Company")

 

Statement re media speculation

 

The Board of Crawshaw Group plc notes the recent media speculation regarding a potential financial restructuring and equity fundraising.

 

As announced in the Company's interim results on 26 September 2018, the Board have completed their review of the business and is implementing its change programme to restore growth and profitability, which includes reviewing its structure and investment in traditional high street locations. The Board confirms that it is considering a number of remedial actions to address the key issues it has identified, which may include raising additional funding through an equity capital raising. No decision has yet been made by the Board on these matters and the Company will update the market in due course.

 

 

 

Enquiries:

 


Crawshaw Group plc

Jim Viggars, Nick Taylor

 

 

01709 369 600





Peel Hunt LLP (Nomad and broker)

Adrian Trimmings, George Sellar 

 

 

020 7418 8900

 

WH Ireland Limited (Joint Broker)

Katy Mitchell, James Sinclair Ford, Jasper Berry 

 

 

020 7220 1666

Citigate Dewe Rogerson

Angharad Couch, Nick Hayns

020 7638 9571



 


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