Chemring announces that following receipt of appropriate regulatory clearance from the Italian Government in relation to the disposal of Simmel, as announced on 22 May 2014, the Company has now successfully completed the disposal of its European Munitions Business. The Disposal was announced on 24 April 2014.
For further information, contact:
| Chemring Group PLC |
|
01489 881880 |
| Mark Papworth |
Chief Executive |
|
| Steve Bowers |
Finance Director |
|
| Rupert Pittman |
Group Director of
Communications and
Investor Relations |
|
Moelis & Company
(Financial Adviser to Chemring) |
|
020 7634 3500 |
Liam Beere
Edward Eppler |
|
|
Investec Bank plc
(Sponsor and Corporate Broker to Chemring) |
|
020 7597 4000 |
Keith Anderson
Christopher Baird |
|
|
MHP Communications
(Financial PR Adviser to Chemring) |
|
020 3128 8100 |
Andrew Jaques
John Olsen
James White |
|
|
Unless otherwise defined, capitalised terms used in this announcement have the same meaning as those defined in the circular to shareholders of the Company dated 24 April 2014.
This announcement has been issued by, and is the sole responsibility of, Chemring.
Moelis & Company UK LLP ("Moelis & Company"), which is authorised and regulated by the Financial Conduct Authority ("FCA"), is acting exclusively for Chemring in relation to the Disposal. Moelis & Company is not acting for any other person and Moelis & Company will not be responsible to any person other than Chemring for providing the protections afforded to clients of Moelis & Company or for providing advice in relation to the Disposal or in relation to the contents of or any transaction or arrangement referred to in this announcement.
Investec Bank plc, which is authorised by the Prudential Regulation Authority ("PRA") and regulated by the FCA and the PRA, is acting exclusively for Chemring in relation to the Disposal. Investec is not acting for any other person and Investec will not be responsible to any person other than Chemring for providing the protections afforded to clients of Investec or for providing advice in relation to the Disposal or in relation to the contents of or any transaction or arrangement referred to in this announcement.