Uvenco UK Limited Statement re Possible Offer by Uvenco UK Limited (4556Y)

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RNS Number : 4556Y

Uvenco UK Limited

24 January 2014

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

Uvenco UK Limited confirms SnackTime plc as potential bid target

Uvenco UK Limited ("Uvenco UK") , the joint venture business between Glimmer Europe Limited (the investment vehicle of Blair Jenkins) and Uvenco Holding Limited (a Russian operator of vending machines across Eastern Europe) notes the announcement released on 22 January 2014 by SnackTime plc ("SnackTime") in which it announced that it had received a preliminary approach from Uvenco UK that may or may not lead to an offer being made for the entire issued and to be issued share capital of SnackTime ("Possible Offer").

Uvenco UK's CEO and Chairman, Blair Jenkins, was SnackTime's founder and chief executive officer from September 2001 to May 2012.

Blair Jenkins, Uvenco UK's chairman, said "Discussions are at an early stage with SnackTime and we have yet to evaluate the commercial viability of the project. We prefer to keep our acquisition discussions with target companies private and confidential and well away from public view. Regrettably in the case of SnackTime, there was speculation on share dealing blogs, which meant that both the Takeover Panel and SnackTime had to act in the best interests of an orderly market and therefore make our acquisition discussions public knowledge. We respect this decision."

 
 Uvenco UK Limited                           +44(0)7710 481313 
 Blair Jenkins 
 
 Arden Partners Plc (Financial adviser to    +44 (0)20 7614 
  Uvenco UK Limited)                          5917 
 Steve Douglas

Arden Partners plc, which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is acting exclusively for Uvenco UK Limited and no-one else in relation to the Possible Offer and will not be responsible to anyone other than Uvenco UK Limited for providing the protections afforded to the clients of Arden Partners plc or for providing advice in relation to the Possible Offer or in relation to the contents of this announcement or any transaction or arrangement referred to herein. Neither Arden Partners plc, nor any of its subsidiaries, branches or affiliates owes or accepts any duty, liability or responsibility whatsoever (whether direct or indirect, whether in contract, in tort, under statute or otherwise) to any person who is not a client of Arden Partners plc in connection with the Possible Offer.

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END

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