REG - NAHL Group PLC - Response to speculation

NAHLAnnouncement

05/04/2024 12:30

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RNS Number : 5354J  NAHL Group PLC  05 April 2024

Prior to publication, the information contained within this announcement was
deemed by the Group to constitute inside information for the purposes of
Regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310.
With the publication of this announcement, this information is now considered
to be in the public domain.

 

5 April 2024

 

NAHL Group PLC

("NAHL" or the "Group")

 

Response to speculation

 

The Board of NAHL (AIM: NAH), a leading UK marketing and services business
focused on the UK consumer legal market, notes the recent speculation
regarding the potential sale of its Critical Care business, Bush & Company
Rehabilitation Limited ("Bush & Co").

 

The Board is pleased with the progress that Bush & Co has made in growing
revenues and profitability and continues to believe that there is an exciting
opportunity for that business in its market. However, the Board is always
considering strategic options that seek to accelerate growth in value for
shareholders and can confirm that it is currently investigating the potential
sale of Bush & Co.

 

Whilst an adviser has been appointed in relation to a potential sale of Bush
& Co, this matter is at a very early stage and there can be no certainty
that a sale of Bush & Co will occur, nor as to the terms or timing of such
sale. No discussions have taken place with any potential purchaser and no
approach for the business has been received. Further announcements will be
made as appropriate.

 

 

 

For further information:

 

 NAHL Group PLC                                                 via FTI Consulting

 James Saralis (CEO)                                            Tel: +44 (0) 20 3727 1000

 Chris Higham (CFO)

 Allenby Capital (AIM Nominated Adviser & Broker)               Tel: +44 (0) 20 3328 5656

 Jeremy Porter/Liz Kirchner (Corporate Finance)

 Amrit Nahal/Stefano Aquilino (Sales & Corporate Broking)

 FTI Consulting (Financial PR)                                  Tel: +44 (0) 20 3727 1000

 Alex Beagley                                                   NAHL@fticonsulting.com

 Eleanor Purdon

 Amy Goldup

 

 

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