REG - Supreme PLC - Potential Acquisition of Typhoo Tea

SupremeAnnouncement

28/11/2024 15:15

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RNS Number : 0782O  Supreme PLC  28 November 2024

28 November 2024

 

Supreme plc

("Supreme" or the "Company" or the "Group")

 

Potential acquisition of Typhoo Tea

 

Supreme (AIM: SUP), a leading manufacturer, supplier, and brand owner of
fast-moving consumer goods, notes a recent announcement that Typhoo Tea
Limited ("Typhoo Tea") has been placed into administration and the press
speculation regarding Supreme as a potential purchaser of the Typhoo Tea
business.

 

The Board of Supreme can confirm that it is currently participating in a
process regarding the potential acquisition of Typhoo Tea.

 

Whilst discussions with the administrators are now at an advanced stage, there
can be no certainty that the potential acquisition will be completed. No final
terms of the potential acquisition have been agreed but the Company can
however confirm that any potential offer would be funded by Supreme's existing
bank facilities.

 

Further announcements will be made as and when appropriate.

 

Enquiries:

 

 Supreme plc                                                         via Vigo Consulting

 Sandy Chadha, Chief Executive Officer

 Suzanne Smith, Chief Finance Officer

 Shore Capital (Nominated Adviser and Joint Broker)                  +44 (0)20 7408 4090

 Mark Percy / David Coaten / Rachel Goldstein - Corporate Advisory

 Ben Canning - Corporate Broking

 Zeus (Joint Broker)                                                 +44 (0)161 831 1512

 Jordan Warburton / Alex Campbell-Harris - Investment Banking

 Benjamin Robertson - Corporate Broking

 Vigo Consulting (Financial Public Relations)                        +44 (0)20 7390 0230

 Jeremy Garcia / Kendall Hill / Anna Stacey

 supreme@vigoconsulting.com

 

About Supreme

 

Supreme supplies products across six categories; Batteries, Lighting, Vaping,
Sports Nutrition and Wellness, Branded Distribution and Soft Drinks. The
Company's capabilities span from product development and manufacturing through
to its extensive retail distribution network and direct to consumer
capabilities. This vertically integrated platform provides an excellent route
to market for well-known brands and products.

 

The Group has over 3,000 active business accounts with retail customers who
manage over 10,000 branded retail outlets. Customers include B&M, Home
Bargains, Poundland, Tesco, Sainsburys, Morrisons, Amazon, The Range,
Costcutter, Asda, Halfords, Iceland, Waitrose, Aldi and HM Prison &
Probation Service.

 

In addition to distributing globally-recognised brands such as Duracell,
Energizer and Panasonic, and supplying lighting products exclusively under the
Energizer, Eveready, Black & Decker and JCB licences across 45 countries,
Supreme has also developed brands in-house, most notably 88Vape, has a growing
footprint in Sports Nutrition and Wellness via its principal brands Sci-MX and
Battle Bites, and has recently expanded into the soft drinks market with the
acquisition of Clearly Drinks, adding established brands such as Perfectly
Clear and Northumbria Spring to its portfolio.

 

https://investors.supreme.co.uk/
(https://url.avanan.click/v2/___https:/investors.supreme.co.uk/___.YXAxZTpzaG9yZWNhcDphOm86MGY4MjE2NDg1ZDEzMTkxNDcxYTg0ZDM2YmVjYTllYTc6NjoyNDc2OjI0M2E5MTg0ZDVmZWNiMGJlZmJiMDkwZjE1ZTgzYjg3N2MzZTI4M2I1MjAyM2MzNGIyMTI4Y2QwMjZiYjk5MWI6cDpU)

 

 

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