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Supply Agreement with Palmer and Harvey

28th Oct 2016 07:00

RNS Number : 6777N
Conviviality PLC
28 October 2016
 

28 October 2016

 

Conviviality Plc

 

("Conviviality", "the Company" or "the Group")

 

Supply Agreement with Palmer and Harvey

 

Conviviality Plc (AIM: CVR), the UK's leading independent wholesaler and distributor of alcohol and impulse serving customers through its Franchised retail outlets and through hospitality and food service, is pleased to announce it has entered into a supply agreement with Palmer and Harvey McLane Limited ("P&H"), the UK's leading delivered wholesaler.

 

Under the initial two year agreement, Conviviality will supply P&H's National Distribution Centre with lower volume Beers, Wines & Spirits and P&H will supply Conviviality Retail with tobacco. This is expected to have minimal impact on earnings in the financial year ending 30 April 2017.

 

Diana Hunter, Chief Executive Officer of Conviviality, said:

 

"I am pleased that we have signed this agreement with P&H which demonstrates the significant role Conviviality plays in the UK drinks market. This agreement will help us to maintain and further improve our ability to invest in future initiatives and pricing to provide our customers and Franchisees with more opportunities to strengthen their business. We look forward to working with the P&H team on this exciting initiative for both our businesses."

 

 

Enquiries:

 

Conviviality Plc

Diana Hunter, Chief Executive Officer

Andrew Humphreys, Chief Financial Officer

 

Tel: 012 7061 4700

Investec Bank plc (NOMAD & Joint Broker)

Garry Levin / David Flin / Daniel Adams

 

Tel: 020 7597 4000

Zeus Capital (Joint Broker)

John Goold / Adam Pollock / Nick Cowles

 

Tel: 020 7533 7727

FTI Consulting

Jonathon Brill / Alex Beagley / Tom Hufton

 

Tel: 020 3727 1000

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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