Tawa PLC Formal Sale Process (5081S)

TIDMTAW

RNS Number : 5081S

Tawa PLC

30 November 2012

Tawa plc

30 November 2012

Tawa plc

('Tawa' or the 'Company')

FORMAL SALE PROCESS

The board of Tawa plc announces that the formal sale process it announced on 10 September 2012 has concluded. This process had been initiated alongside the business review announced at the Company's AGM in June 2012. No proposal satisfactory to the board has been received although a number of proposals have been received, including proposals for certain parts of the Group in relation to which discussions may continue.

Commenting on the outcome of the sales process, Gilles Erulin said:

"While no offer for the entire Company satisfactory to the board has been received, this process has been of value in enabling Tawa to benchmark other strategic options and has provided useful insight regarding current and future value of our various assets."

ENDS

Enquiries:

 
Peel Hunt LLP (Joint Financial Advisor) 
 James Britton 
 Guy Wiehahn                              +44 (0)20 7418 8900 
Willis Capital Markets (Joint Financial 
 Advisor) 
 Tony Ursano                                +1 212 915 7986 
 Stephen Mathews                            +1 212 915 8178 
 John Philipsz                              +44 (0)20 3124 8365

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCGMMFMRGNGZZM

Achp (LSE:ACH)
Historical Stock Chart
From May 2024 to Jun 2024