Response to Press Speculation

THIS ANNOUNCEMENT IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION, DISTRIBUTION OR FORWARDING, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, SOUTH AFRICA, JAPAN, NEW ZEALAND OR ANY OTHER JURISDICTION IN WHICH SUCH PUBLICATION, RELEASE OR DISTRIBUTION WOULD BE UNLAWFUL. FURTHER, THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND IS NOT AN OFFER OF SECURITIES IN ANY JURISDICTION.

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF THE MARKET ABUSE REGULATION (REGULATION (EU) NO. 596/2014).

For immediate release.

16 December 2020

Cranswick plc

Response to Press Speculation

The Board of Cranswick plc ("Cranswick", the "Company" or the "Group") notes the recent press speculation with regard to a potential acquisition.

In line with the Company's stated long-term growth strategy to expand its product offering through further diversification, Cranswick regularly considers acquisition opportunities.

The Board confirms that it is currently engaged in a process regarding the potential acquisition of Inspired Pet Nutrition Limited, a leading UK pet food business. If successful, the Group's current intention is to part-finance the acquisition via an equity placing of less than 10% of issued share capital to investors.

There can be no certainty at this time that the acquisition will progress. The Company will make a further announcement if and when appropriate.

Enquiries 

The person responsible for arranging for the release of this announcement on behalf of the Company is Steven Glover, Group Company Secretary.

This announcement and the information contained in it is restricted and is not for release, publication, distribution or forwarding, in whole or in part, directly or indirectly, in or into any jurisdiction in which such publication, release or distribution would be unlawful.

This announcement or any part of it does not constitute or form part of any offer to issue or sell, or the solicitation of an offer to acquire, purchase or subscribe for, any securities in the United States, Canada, Australia, New Zealand, South Africa, Japan or any other jurisdiction in which the same would be unlawful. No public offering of any securities in connection with the equity fundraising referred to in this announcement is being, or will be, made in any such jurisdiction.