Angling Direct PLC Statement Regarding Media Speculation (8867Q)

TIDMANG

RNS Number : 8867Q

Angling Direct PLC

22 February 2019

Angling Direct plc

("Angling Direct" or the "Company")

Statement Regarding Media Speculation

Angling Direct plc (AIM: ANG.L), the largest specialist fishing tackle and equipment retailer in the UK, notes the recent speculation regarding the potential acquisition of Chapmans Angling Ltd. The Company confirms that it is in advanced negotiations regarding a potential acquisition of Chapmans Angling Ltd. There can be no certainty that a transaction will be concluded and a further announcement, as appropriate, will be made in due course.

The information contained in this announcement is deemed to constitute inside information under the Market Abuse Regulations (EU) No. 596/2014.

For further information:

 
 
    Angling Direct PLC                            +44 (0) 1603 258658 
  Martyn Page, Executive Chairman 
  Darren Bailey, Chief Executive 
   Officer 
 
    Cenkos Securities - NOMAD and Broker 
  Stephen Keys (Corporate Finance) 
   Russell Kerr (Sales)                         +44 (0) 207 3978926 
 
  Yellow Jersey PR - Financial PR 
  Charles Goodwin                               +44 (0) 7747 788 221 
  Harriet Jackson 
   Annabel Atkins                               +44 (0) 7544 275 882

Notes for editors

About Angling Direct plc

Angling Direct is the largest specialist fishing tackle retailer in the UK. The Company sells fishing tackle products and related equipment through its network of retail stores, located throughout the UK, as well as through its own website (www.anglingdirect.co.uk) and other third-party websites.

The Company currently sells over 21,500 fishing tackle products, including capital items, consumables, luggage and clothing. The Company also owns and sells fishing tackle products under its own brand 'Advanta', which was formally launched in March 2016.

From 1986 to 2003 the Company's Founders acquired interests in a number of small independent fishing tackle shops in Norfolk and, in 2003, they acquired a significant premises in Norwich, which was branded Angling Direct. Since 2003, the Company has continued to acquire or open new stores, taking the total number up to 24 retail stores. In 2015 the Company opened a 30,000 sq ft central distribution centre in Rackheath, Norfolk, where the Company's head office is also located.

Angling Direct's shares are traded on the AIM market of the London Stock Exchange under the ticker symbol ANG.L.

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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