Senior PLC Spencer Aerospace - Acquisition Update (6776Z)

TIDMSNR

RNS Number : 6776Z

Senior PLC

16 September 2022

Spencer Aerospace Acquisition Update

Further to the announcement made on 9 June 2022 in relation to the acquisition by Senior plc ("Senior") of substantially all of the assets of Spencer Aerospace Manufacturing, LLC ("Spencer Aerospace" or "the Company") (the "Acquisition") which indicated an expected completion date for the Acquisition in Q3 2022, the Company can report that closing conditions are progressing satisfactorily. However, final regulatory approval is now likely to be received around the end of the current calendar year, at which point Senior and Spencer Aerospace expect the acquisition to complete.

Further information

 
                         Group Finance Director, Senior     +44 (0) 1923 714 
Bindi Foyle               plc                                725 
                         Director of Investor Relations,    +44 (0) 1923 714 
Gulshen Patel             Senior plc                         722 
                                                            +44 (0) 7796 708 
Richard Webster-Smith    Finsbury Glover Hering              551

About Senior

Senior is an international manufacturing group with operations in 12 countries. It is listed on the main market of the London Stock Exchange (symbol SNR). Senior designs and manufactures high technology components and systems for the principal original equipment producers in the worldwide aerospace & defence, land vehicle and power & energy markets. Further information on Senior plc may be found at: www.seniorplc.com

About Senior Aerospace

Senior Aerospace provides high technology products and systems for demanding applications in aerospace & defence and adjacent markets. Our product portfolio spans a wide range of fluid conveyance and thermal management components and sub-systems, as well as complex structural parts and assemblies, for fixed-wing and rotary aircraft, aero-engines, spacecraft and a variety of other industrial applications. With a global footprint, Senior Aerospace manufactures proprietary designed and build-to-print products for customers around the world that meet today's challenges and is actively engaged in developing products and capabilities for a low carbon sustainable future.

About Spencer Aerospace

Spencer Aerospace is an industry leader in high-precision hydraulic fluid fittings for use in commercial and military aerospace applications. The company specializes in source controlled, standard and proprietary fittings and offers a range of engineering, manufacturing, design and testing capabilities.

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