Nature Group PLC Further re: Trading Update (7510H)
March 15 2018 - 3:00AM
UK Regulatory
TIDMNGR
RNS Number : 7510H
Nature Group PLC
15 March 2018
This announcement contains inside information
Nature Group plc
("Nature Group" or the "Group")
Further re: Trading Update
Nature Group plc (AIM:NGR), the provider of port reception
facilities and waste treatment solutions for the oil, marine and
process industries, provides a further update following the
announcement released on 7 March 2018 (the "Trading Update"). In
the Trading Update the Board confirmed that it was actively engaged
in a process to dispose of Nature Oil & Gas Holding, its
wholly-owned subsidiary, and was in advanced discussions with a
preferred bidder, having reached agreement on indicative terms and
pricing (the "Proposed Sale").
The Board advises that, following release of the Trading Update,
it has received indications of interest from a number of parties in
relation to possible acquisition of certain of the Group's Maritime
operations as well as further indications of interest in relation
to the possible acquisition of the Group's Oil & Gas
operations.
The Board will diligently progress these early-stage discussions
alongside the Proposed Sale, completion of which remains subject
to, among other things, continued negotiation, a due diligence
period and the entry of the parties into definitive, binding
agreements. Shareholders should note that there is no certainly
that any transaction, including the Proposed Sale, will be
concluded on the terms indicated or at all.
Further updates will be issued in due course.
For further information:
Nature Group PLC
Andreas Drenthen, CEO Tel: + 31 653261484
Berend van Straten, Chairman Tel: + 31 626805605
Cenkos Securities plc
Neil McDonald Tel: +44 (0)131 220 9771 /
+44 (0)207 397 1953
Beth McKiernan Tel: +44 (0)131 220 9778 /
+44 (0)207 397 1950
Pete Lynch Tel: +44 (0)131 220 9772
This information is provided by RNS
The company news service from the London Stock Exchange
END
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