Coral Products PLC Haydock Production Facility Update (8663B)
April 07 2017 - 2:00AM
UK Regulatory
TIDMCRU
RNS Number : 8663B
Coral Products PLC
07 April 2017
CORAL PRODUCTS PLC
("Coral" or the "Company")
Additional orders for Coral's Haydock production facility
Coral Products PLC, is pleased to announce that it has received
further orders for circa GBP900,000 for its on- line tote product.
The orders will be produced at Coral Products Mouldings' facility
at Haydock, Merseyside.
Coral Products Mouldings has also been nominated to receive a
new order for a sun roof moulding having a value of circa
GBP500,000 to be produced within its recently established
automotive division within Haydock. The formal order is expected in
the next few days. This is in addition to the components which were
the subject of the Company's previous announcement on 24 March
2017.
Production of these orders is expected to commence in the
Company's forthcoming financial year commencing on 1 May 2017.
There is no certainty that these orders will complete or be of
the size currently indicated or that production will commence
according to the anticipated schedule.
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014.
Enquiries:
Coral Products plc Tel: 07703 518 148
Joe Grimmond, Chairman
Cairn Financial Advisers Tel: 020 7213 0880
LLP
Nominated Adviser
Tony Rawlinson / Liam
Murray
Daniel Stewart & Company Tel: 020 7776 6550
plc
Broker
David Lawman
Capital Markets Consultants Tel: 07515 587 184
Limited
PR
Richard Pearson
Caution regarding forward looking statements
Certain statements in this announcement, are, or may be deemed
to be, forward looking statements. Forward looking statements are
identi ed by their use of terms and phrases such as "believe",
"could", "should" "envisage", "estimate", "intend", "may", "plan",
"potentially", "expect", "will" or the negative of those,
variations or comparable expressions, including references to
assumptions. These forward looking statements are not based on
historical facts but rather on the Directors' current expectations
and assumptions regarding the Company's future growth, results of
operations, performance, future capital and other expenditures
(including the amount, nature and sources of funding thereof),
competitive advantages, business prospects and opportunities. Such
forward looking statements re ect the Directors' current beliefs
and assumptions and are based on information currently available to
the Directors.
A number of factors could cause actual results to differ
materially from the results discussed in the forward looking
statements including risks associated with vulnerability to general
economic and business conditions, competition, environmental and
other regulatory changes, actions by governmental authorities, the
availability of capital markets, reliance on key personnel,
uninsured and underinsured losses and other factors, many of which
are beyond the control of the Company. Although any forward looking
statements contained in this announcement are based upon what the
Directors believe to be reasonable assumptions, the Company cannot
assure investors that actual results will be consistent with such
forward looking statements. Accordingly, readers are cautioned not
to place undue reliance on forward looking statements. Subject to
any continuing obligations under applicable law or any relevant AIM
Rule requirements, in providing this information the Company does
not undertake any obligation to publicly update or revise any of
the forward looking statements or to advise of any change in
events, conditions or circumstances on which any such statement is
based.
This information is provided by RNS
The company news service from the London Stock Exchange
END
UPDOKADPFBKDFQK
(END) Dow Jones Newswires
April 07, 2017 02:00 ET (06:00 GMT)
Coral Products (LSE:CRU)
Historical Stock Chart
From May 2024 to Jun 2024
Coral Products (LSE:CRU)
Historical Stock Chart
From Jun 2023 to Jun 2024