Business
Statement re Media Speculation
Statement re Media Speculation.
About this update from Naked Wines Plc
[{"type":"text","content":"\n \nRNS Number : 6943Z Majestic Wine PLC 21 May 2019 \n\n \n21 May 2019\nMajestic Wine PLC\n(the \"Group\")\nStatement re: media speculation\nAs announced on 25 March 2019, as part of the Group Transformation Plan, the Group continues to explore methods of releasing capital from its Majestic Retail and Commercial business to accelerate the growth of Naked Wines, with this release of capital to be explored through a range of potential options.\nFollowing recent press speculation, the Group confirms that the sale of the Majestic branded retail business including its related B2B operations (together \"Majestic Retail\") is one of the possible options being considered and the Group has received a number of expressions of interest.\nThe Group continues to review all options and there remains no certainty that the sale of Majestic Retail will proceed nor as to the terms upon which any disposal would take place.\nA further update will be provided in due course and the Group is scheduled to announce its full year results on 13 June 2019.\n \nFor further information, please contact\n\n\n\n\n Majestic Wine PLC\nRowan Gormley, Chief Executive Officer\nJames Crawford, Chief Financial Officer\n\n\n Tel: 01923 298 200\[email protected]\n\n\n\n\n Investec (NOMAD & Broker)\nDavid Flin / Carlton Nelson / David Anderson\n\n\nTel: 0207 597 5970\n \n\n\n\n\nInstinctif Partners (PR Agency)\nDamian Reece / Guy Scarborough\n\n\nTel: 0207 457 2020 or 07931 598 593\n\n\n\n\n \n \n \n\nThis information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com. END SPCPGUUCAUPBURG\n ","length":3734,"tagName":"div"}]