Coral Products PLC Update on installation of new recycling machine (6812N)
January 21 2019 - 10:43AM
UK Regulatory
TIDMCRU
RNS Number : 6812N
Coral Products PLC
21 January 2019
CORAL PRODUCTS PLC
("Coral" or the "Company")
Update on installation of new recycling machine
Coral Products PLC, a specialist in the design, manufacture and
supply of plastic products based in Haydock, Merseyside, announces
that there has been a short delay in installing and commissioning
its new plastic recycling system, and that this is now scheduled
for February 2019 rather than January 2019 as previously announced.
In order to mitigate against the delay, Coral has agreed for its
supplier to commission the plant and to deliver it to Coral as a
proven turnkey project. The board remains confident that the system
will contribute in the current financial period.
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
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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