21st Mar 2013 07:00
SCAPA GROUP PLC
RESPONSE TO PRESS SPECULATION
Scapa Group plc ("Scapa" or the "Company") notes the recent press speculation relating to a potential acquisition of South Korean based Tapex, a manufacturer of speciality tapes for the electronics, consumer and industrial markets. Scapa confirms that it has entered into a consortium agreement with SkyLake Incuvest, a South Korean based private equity investor, and both parties are in preliminary discussions with Tapex, which may lead to its joint acquisition.
Discussions are at an early stage and there is no certainty that a transaction will be completed. A further announcement will be made as appropriate.
Enquiries:
Scapa Group plc Heejae Chae - Chief Executive Paul Edwards - Finance Director
| 0161 301 7430
|
Numis Securities Limited (Nominated Adviser and Joint Broker) Mark Lander / Richard Thomas
| 020 7260 1000 |
N+1 Singer (Joint Broker) Nick Owen
| 0191 279 7412
|
Weber Shandwick Nick Oborne
| 020 7067 0700 |
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SCPA.L