Marston's PLC Update on possible offer: No intention to bid (7789O)
February 11 2021 - 2:46AM
UK Regulatory
TIDMMARS
RNS Number : 7789O
Marston's PLC
11 February 2021
11 February 2021
Marston's PLC
Update on possible offer: No intention to bid statement
The Board of Marston's PLC ("Marston's" or the "Company") notes
the announcement by Platinum Equity Advisors, LLC ("Platinum")
dated 11 February 2021, confirming that Platinum does not intend to
make an offer for the Company.
The Board continues to believe that Marston's is well placed to
benefit from the opportunities in a post-COVID 19 trading
environment, following the completion of the SA Brain transaction
and harnessing factors such as a reduction in on-trade industry
supply, and increased home-working that will benefit pubs in
suburban locations.
Marston's has a strengthened balance sheet following the
creation of the synergistic joint venture with Carlsberg and
significant cash headroom, enabling it to continue to absorb the
impact of the temporary Government restrictions.
We welcome the continued nationwide rollout of the vaccine
programme and look forward to rebuilding trading momentum once
restrictions are lifted.
Enquiries:
Marston's PLC Tel: 01902 329516
Ralph Findlay, CEO
Andrew Andrea, CFO
Instinctif Partners Tel: 020 7457 2010/2005
Justine Warren
Matthew Smallwood
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