REG - Senior PLC - Spencer Aerospace - Acquisition Update

SeniorAnnouncement

16/09/2022 07:00

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RNS Number : 6776Z  Senior PLC  16 September 2022

Spencer Aerospace Acquisition Update

Further to the announcement made on 9 June 2022 in relation to the acquisition
by Senior plc ("Senior") of substantially all of the assets of Spencer
Aerospace Manufacturing, LLC ("Spencer Aerospace" or "the Company") (the
"Acquisition") which indicated an expected completion date for the Acquisition
in Q3 2022, the Company can report that closing conditions are progressing
satisfactorily.  However, final regulatory approval is now likely to be
received around the end of the current calendar year, at which point Senior
and Spencer Aerospace expect the acquisition to complete.

Further information

 Bindi Foyle            Group Finance Director, Senior plc          +44 (0) 1923 714 725
 Gulshen Patel          Director of Investor Relations, Senior plc  +44 (0) 1923 714 722
 Richard Webster-Smith  Finsbury Glover Hering                      +44 (0) 7796 708 551

About Senior

Senior is an international manufacturing group with operations in 12
countries.  It is listed on the main market of the London Stock Exchange
(symbol SNR).  Senior designs and manufactures high technology components and
systems for the principal original equipment producers in the worldwide
aerospace & defence, land vehicle and power & energy markets.
Further information on Senior plc may be found at: www.seniorplc.com
(http://www.seniorplc.com)

About Senior Aerospace

Senior Aerospace provides high technology products and systems for demanding
applications in aerospace & defence and adjacent markets.  Our product
portfolio spans a wide range of fluid conveyance and thermal management
components and sub-systems, as well as complex structural parts and
assemblies, for fixed-wing and rotary aircraft, aero-engines, spacecraft and a
variety of other industrial applications.  With a global footprint, Senior
Aerospace manufactures proprietary designed and build-to-print products for
customers around the world that meet today's challenges and is actively
engaged in developing products and capabilities for a low carbon sustainable
future.

About Spencer Aerospace

Spencer Aerospace is an industry leader in high-precision hydraulic fluid
fittings for use in commercial and military aerospace applications.  The
company specializes in source controlled, standard and proprietary fittings
and offers a range of engineering, manufacturing, design and testing
capabilities.

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