REG - Coral Products PLC - Renewal of Contract

Coral ProductsAnnouncement

04/03/2025 07:15

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RNS Number : 1870Z  Coral Products PLC  04 March 2025

Coral Products plc

("Coral", the "Company" or the "Group")

Renewal of Contract

Coral Products plc, a group of specialist businesses in the design, UK
manufacture and omni-channel supply of a wide range of bespoke plastic
products based in Wythenshawe, Manchester, announces that Tatra Rotalac
Limited, a wholly owned subsidiary of the Group, has been awarded the renewal
of a 3-year supply contract ("Contract") with a major international
telecommunications group.

Following the previous renewal of this Contract, which was announced on 4
November 2020, the Company is pleased to have secured the renewal of this
Contract against a competitive international tender process.

As is standard in this type of contract, it does not guarantee any sales
volumes, however the Company anticipates, based on historic volumes under the
existing arrangements, that aggregate turnover of circa £12m - £15m will be
achieved during the 3-year supply contract to March 2028.

Tatra Rotalac Limited, which is based in Manchester, provides bespoke
thermoplastic extrusion and injection moulding solutions across a number of
industries worldwide.

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulations
(EU) No. 596/2014 as it forms part of UK Domestic Law by virtue of the
European Union (Withdrawal) Act 2018 ("UK MAR"). The Directors of the Company
take responsibility for this announcement.

For further information, please contact:

 Enquiries:                             www.coralproducts.com   Tel:

 Coral Products plc                     Non-Executive Chairman  07703 518 148

 Joe Grimmond

 Cairn Financial Advisers LLP           NOMAD and Broker        020 7213 0880

 Sandy Jamieson / Ludovico Lazzaretti

 

Caution regarding forward looking statements

This announcement contains unaudited information and forward-looking
statements that are based on current expectations or beliefs, as well as
assumptions about future events. These forward-looking statements can be
identified by the fact that they do not relate only to historical or current
facts and undue reliance should not be placed on any such statement because
they speak only as at the date of this document and are subject to known and
unknown risks and uncertainties and can be affected by other factors that
could cause actual results, and Coral's plans and objectives, to differ
materially from those expressed or implied in the forward-looking statements.
Coral undertakes no obligation to revise or update any forward-looking
statement contained within this announcement, regardless of whether those
statements are affected because of new information, future events or
otherwise, save as required by law and regulations.

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