17 June 2014
Coral Products plc
("Coral" or the "Company")
Update re: supply agreement with major on-line retailer
Further to the Company's announcement on 16 April 2014, the Board is pleased to announce that the ten year supply agreement ("Agreement") with a leading national on-line retailer has now been signed. Pursuant to the Agreement, the Company will supply a range of totes to support the on-line retailer's growing presence as it capitalises upon its acknowledged expertise in this fast expanding area. The customer has indicated that it expects to place orders that would generate revenues to the Company of approximately £8 million in the first two years of the contract. Initial deliveries are programmed from June 2014.
ENQUIRIES:
|
Coral Products plc Joe Grimmond, Chairman Warren Ferster, Chief Executive |
Tel: 01942 272882 Tel: 07703 518148 |
|
Cairn Financial Advisers LLP Avi Robinson / Tony Rawlinson |
Tel: 020 7148 7900 |
|
Hume Capital Securities plc David Lawman |
Tel: 020 3693 1470 |
|
Bankside Consultants Richard Pearson |
Tel: 07515 587184 |
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