REG - Inchcape PLC - Response to media reports

InchcapeAnnouncement

29/01/2024 16:00

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RNS Number : 2643B  Inchcape PLC  29 January 2024

 

29 January 2024

Inchcape plc

Response to media reports relating to our UK Retail business

The Board of Inchcape notes the recent press speculation in relation to our UK
Retail business.

Inchcape confirms that following approaches from a number of interested
parties it is reviewing strategic options for the UK Retail business, which
potentially could include a sale. This review is at a very early stage and
there can be no certainty that it will result in a transaction.

Contacts

 Inchcape plc

 (Investor queries):
 Rob Gurner               +44 (0)7825 189 088   investors@inchcape.com
 Krishma Arora

 Dentons Global Advisors
 James Melville-Ross      +44 (0) 207 038 7419  inchcape@dentonsglobaladvisors.com
 James Styles
 Leah Dudley

 

About Inchcape

Inchcape is the leading global automotive distributor, with operations across
six continents.

By combining our in-market expertise with our unique technology and advanced
data analytics, we create innovative customer experiences that deliver
outstanding performance for our partners - building stronger automotive brands
and creating sustainable growth.

Our distribution platform connects the products of mobility companies with
customers, and our responsibilities span product planning and pricing, import
and logistics, brand and marketing to operating digital sales, managing
physical sales and aftermarket service channels.

Delivering for our partners, our customers and our people - so they can
realise their ambitions in the new world of mobility.

The Group is headquartered in London and employs over 21,000 people globally.

www.inchcape.com (http://www.inchcape.com)

 

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