RCS - Dewhurst Group PLC - Displays and Position Indicators

DewhurstAnnouncement

27/06/2023 07:15

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230627:nRSa9368Da&default-theme=true

RNS Number : 9368D  Dewhurst Group PLC  27 June 2023

 

 

 

 

 

 

Dewhurst Group PLC

 

(the "Company")

 

 

Displays and Position Indicators

 

 

 

 

Dewhurst Group plc (AIM:DWHT) is pleased to announce that Dewhurst Group plc
has reached agreement with Avire Limited ("Avire") to secure the exclusive
rights to the E-Motive brand and all products within the E-Motive range.

 

In May 2023 Avire announced their decision to exit the displays and position
indicator market and discontinue manufacturing the E-motive range of elevator
displays from October 2023.

 

With Avire's support we have structured a transition plan where Dewhurst will
take on the E-Motive brand and continue to manufacture E-Motive products.
These will be sold through existing Dewhurst Group companies globally, as well
as through Dewhurst Singapore, the latest addition to the Dewhurst Group.

 

For over 100 years Dewhurst has championed innovation, service and supply of
quality products to meet the needs of our customers and are fully committed to
providing premium position indicator & display products.

 

We look forward to working with our customers as we continue our plans to
fulfil this objective.

 

 

Contacts:

Dewhurst Group Plc Tel: +44 (0)208 744 8200

John Bailey, CEO

Jared Sinclair, Chief Financial Officer

www.dewhurst-group.com

 

Singer Capital Markets (Nominated Adviser and Sole Broker) Tel: +44 (0)207 496
3000

Rick Thompson / Alex Bond / James Fischer

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  NRAFFMJTMTITBBJ