Wilmcote : Statement regarding potential acquisition

RNS Number : 5498P

Wilmcote Holdings PLC

11 October 2019

11 October 2019

This announcement contains inside information

Wilmcote Holdings plc

Statement regarding potential acquisition

Wilmcote Holdings plc ('Wilmcote' or the 'Company') announces that,further to its recent statements regarding a poten al acquisi on of Arclin Inc. ('Arclin'), the Company and Arclin have mutually agreed to conclude nego a ons and, as such, discussions have ceased.

In line with the Company's mandate to pursue acquisi on opportuni es, Wilmcote has incurred material third party expenses in connec on with this opportunity. The Company es mates it will have approximately £0.9 million in residual cash reserves following the se lement of nego ated transac on-related expenses, including associated VAT refunds.

Wilmcote intends to hold discussions with shareholders regarding the poten al further capitalisa on of the Company to fund future opera ng expenses and due diligence to con nue to pursue acquisi on opportuni es in the specialty chemicals sector. A further announcement will be made following the conclusion of these discussions.

Wilmcote's ordinary shares will recommence trading with immediate effect.

-ENDS-

Teneo (Financial PR)

Tel: [phone]

Charles Armitstead

Numis Securities Limited (Nominated Adviser and Broker)

Tel: [phone]

Kevin Cruickshank

Jamie Loughborough

Adrian Whi ield is Chief Execu ve Officer of Wilmcote Holdings plc, which has its offices at 11 Buckingham Street, London, WC2N 6DF and has the LEI number 2138004EUUU11OVHZW75.

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