UVEN Uvenco Uk

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RNS Number : 4743A

Snacktime PLC

19 February 2014

Not for release, publication or distribution, in whole or in part, in or into or from any jurisdiction where to do so would constitute a violation of the relevant laws of such jurisdiction

19 February 2014

SnackTime plc

Response to statement by Uvenco UK Limited

SnackTime ("SnackTime" or the "Company") notes today's announcement by Uvenco UK Limited ("Uvenco") that it does not intend to make an offer for the Company.

On 22 January 2014, following a sharp rise in its share price, SnackTime announced that it had received a preliminary approach from Uvenco in relation to a possible offer for the Company. In accordance with Rule 2.6(a) of the City Code on Takeovers and Mergers (the "Code"), Uvenco was required, by not later than 5.00 p.m. on 19 February 2014, to announce a firm intention to make an offer for SnackTime in accordance with Rule 2.7 of the Code or announce that it did not intend to make an offer.

SnackTime can confirm it is not in discussions with any other party regarding a potential offer for the Company. Accordingly, SnackTime is no longer in an offer period for the purposes of the Code.

The Company's plans to integrate its three vending businesses into one company, with a single senior management team and a common software platform, by 31 March 2014 are well advanced and are already demonstrating tangible benefits. The Company announced on 29 November 2013 that it had appointed Smith & Williamson Corporate Finance to review strategic options in relation to Drinkmaster, the Company's seal cup operation, which may result in its divestment. As a consequence of the unsolicited approach from Uvenco the process was put on hold. In light of Uvenco's announcement today that it does not intend to make an offer for the Company, the Board and its advisers are now in a position to resume this process.

For further information:

SnackTime PLC 020 8879 8300

Jeremy Hamer, Chairman

Tim James, Finance Director

Westhouse Securities 020 7601 6100

Tom Griffiths/Richard Johnson

Martyn Fraser, Partner

   Smith and Williamson Corporate Finance                                            0117 376 2062 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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