REG - McColl's Retail Grp - Response to media reporting

Mccoll'S RetailAnnouncement

09/08/2021 07:05

RNS Number : 9264H
  
McColl's Retail Group plc
  
09 August 2021
  
 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION
 
FOR IMMEDIATE RELEASE 
 
 
McColl's Retail Group plc
Response to media reporting
 
9 August 2021
 
Further to recent media reporting, McColl's Retail Group plc ("McColl's", the "Company" or "the Group") confirms it is currently exploring options relating to a potential capital raise to increase the number of its Morrisons Daily store conversions, accelerate the pace of roll-out of its Morrisons Daily store conversion programme, and strengthen its balance sheet. 
 
No final decisions have been made on whether to proceed with a capital raise or with regards to the timing or size of any such capital raise.
 
The Company will make a further announcement if and when appropriate.
 
 
ENDS
 
Enquiries
 
For further information, please contact:
 




Analyst & Investors:


Tej Randhawa, McColl's
 


+44 (0)1277 372916




Media:


Ed Young, Headland
Rob Walker, Headland
Charlie Twigg, Headland


+44 (0)203 805 4822
mccolls@headlandconsultancy.com




 
Notes to editors
McColl's is a leading neighbourhood retailer, with an estate of over 1,200 managed convenience stores and newsagents. We operate McColl's and Morrisons Daily branded convenience stores as well as newsagents branded Martin's across the UK, except in Scotland where we operate under our heritage brand, RS McColl.
 
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No 596/2014
LEI: 213800R1TLR536P8YJ67
 
 

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