Tesco Corporate Treasury Services Tesco PLC Statement Regarding Asia

Date : 12/09/2019 @ 7:30AM
Source : Dow Jones News
Stock : Tesco (PC) (TSCDY)
Quote : 9.716  0.1535 (1.61%) @ 5:53PM

Tesco Corporate Treasury Services Tesco PLC Statement Regarding Asia

Tesco (PC) (USOTC:TSCDY)
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RNS Number : 1215W

Tesco Corporate Treasury Services

08 December 2019

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

8 December 2019

TESCO CORPORATE TREASURY SERVICES PLC

Tesco Corporate Treasury Services PLC (TCTS) hereby notes the announcement made by its parent company, Tesco PLC, in respect of a statement regarding the Asia businesses (the Announcement).

TCTS has made this announcement to ensure that holders of its listed securities are fully appraised of Tesco PLC's Announcement.

A copy of the Announcement is below and also available at https://www.londonstockexchange.com/exchange/prices-and-markets/stocks/exchange-insight/company-news.html?fourWayKey=GB0008847096GBGBXSET1. To view the Announcement in full, please paste the above URL into the address of your browser.

Statement Regarding Asia

Tesco PLC ("Tesco") confirms that, following inbound interest, it has commenced a review of the strategic options for its businesses in Thailand and Malaysia, including an evaluation of a possible sale of these businesses.

The evaluation of strategic options is at an early stage, no decisions concerning the future of Tesco Thailand or Malaysia have been taken, and there can be no assurance that any transaction will be concluded. A further announcement will be made if and when appropriate.

Enquiries:

   Investors:               Chris Griffith                                      +44 (0) 1707 912 900 
   Media:                    Simon Rew                                         +44 (0) 1707 918 701 
         Philip Gawith (Teneo)                       +44 (0) 7887 954 048 

LEI Number: 21380018AJDKNF3A6712

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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(END) Dow Jones Newswires

December 09, 2019 02:15 ET (07:15 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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