2nd Nov 2009 07:00
For immediate release: 2 November 2009
Universe Group PLC
("Universe", "the Company" or "the Group")
Clarification Regarding Contract Renewal and Extension
Further to its announcement released on 28 October 2009 and the announcement made by Brulines Group plc ("Brulines") on 29 October 2009, Universe announces that it has approached Brulines for its consent pursuant to Rule 21.1 of the City Code on Takeovers and Mergers (the "Code") to enter into the renewal and extension of a contract with a large UK supermarket chain, the pertinent details of which were disclosed in Universe's previous announcement. That consent has now been received.
Consequently, pursuant to the Code, Universe no longer has to seek shareholder approval to enter into this contract, thereby enabling the Company to proceed to sign the contract without incurring unnecessary delay and expense.
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Enquiries: |
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Universe Group PLC John Scholes, Chairman Paul Cooper, Chief Executive Officer Bob Smeeton, Finance Director |
Tel: 023 8068 9510 |
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Arbuthnot Securities Limited Tom Griffiths |
Tel: 020 7012 2000 |
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Tavistock Communications Jeremy Carey/John West/Andrew Dunn |
Tel: 020 7920 3150 |
Related Shares:
UNG.LVianet Grp