Wilmcote Holdings PLC Year End Trading Update (3695V)
23 July 2018 - 4:00PM
UK Regulatory
TIDMWCH
RNS Number : 3695V
Wilmcote Holdings PLC
23 July 2018
LEI number: 2138004EUUU11OVHZW75
23 July 2018 This announcement contains inside information
Wilmcote Holdings PLC
Year End Trading Update
Wilmcote Holdings plc ("Wilmcote" or the "Company") provides the
following update for the period ended 30 June 2018 pending
publication of the Company's audited results.
Wilmcote was established with the objective of creating value
for its investors through the acquisition and subsequent
development of target businesses in the large and highly fragmented
downstream and specialty chemicals sector, and was admitted to
trading on the AIM market of the London Stock Exchange on 17 August
2017.
During the period to 30 June 2018 Wilmcote explored a number of
opportunities in line with its investment strategy, in particular
the potential acquisition of Arysta LifeScience from Platform
Specialty Products Corporation ("Platform"). Discussions ceased on
18 June 2018, and Platform are now in exclusive negotiations with
another party.
As at 30 June 2018 Wilmcote's net cash balance after deducting
costs incurred and accrued in respect of operating and due
diligence expenses was approximately GBP11.5 million.
Adrian Whitfield, Wilmcote CEO, commented: "There are a large
number of attractive buy-and-build opportunities in the downstream
and specialty chemical sector and we continue to be very excited
about our prospects of being able to execute our investment
strategy to unlock the full potential of acquired assets."
Teneo (Financial PR) Tel: +44 (0) 7703 330 269
Charles Armitstead/ Rosie Oddy
Numis Securities Limited (Nominated Adviser and Broker) Tel: +44 (0) 20 7260 1000
Ross Mitchinson
Jamie Lillywhite
James Taylor
Jamie Loughborough
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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