Coral Products PLC Significant new purchase order & new tooling order (1607M)
January 07 2019 - 2:00AM
UK Regulatory
TIDMCRU
RNS Number : 1607M
Coral Products PLC
07 January 2019
CORAL PRODUCTS PLC
("Coral" or the "Company")
Significant new purchase order and new tooling order
Coral Products PLC, a specialist in the design, manufacture and
supply of plastic products based in Haydock, Merseyside, is pleased
to announce that the Company's Haydock Mouldings Division has
received a further order of GBP795,000 in relation to the supply
contract of totes for the customer's UK fulfilment centres.
The Company is currently fulfilling previously announced orders.
Production for this latest order is planned to commence in March
and to be completed in June 2019.
In addition, we are also pleased to announce that after some
months of discussion and intense product development, we have
received a tooling order from a building manufacturer which it is
hoped will in due course lead to a significant sales order of
plastic roof tiles. There can be no certainty as to the outcome at
this stage.
Mick Wood, CEO said, "We are very pleased to receive this
further tote order from a prestigious customer and also hope that
the new tooling order will lead to significant sales in due
course."
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014.
Enquiries:
Coral Products plc Tel: 01942 590272
Mick Wood, CEO
Sharon Gramauskas, FD
Cairn Financial Advisers LLP Tel: 020 7213 0880
Nominated Adviser
Tony Rawlinson / Liam Murray
Daniel Stewart & Company plc Tel: 020 7776 6550
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 news service of the
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contact rns@lseg.com or visit www.rns.com.
END
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