News
Statement re Share Price Movement
02 February 2007
The Directors of Cashbox have noted the recent movement in the Company's share price and confirm that Cashbox has received expressions of interest which may or may not lead to an offer being made to acquire the entire issued share capital of the Company. The Directors wish to highlight that discussions are at a preliminary stage and there can be no guarantee that any offer will be made nor as to the terms on which any such offer might be made.
In accordance with Rule 2.10 of The Takeover Code, Cashbox confirms that it has 61,409,143 ordinary shares of 1 pence each in issue and is admitted to trading on the London Stock Exchange under UK ISIN code GB00B0ZL4V64.
Enquiries:
Jeremy Porter Jonathan Wright
Seymour Pierce Ltd
020 7107 8000
Notes to Editors
Cashbox plc
Cashbox is a leading independent ATM deployer (IAD) with an estate of over 1,000 ATMs in locations around the UK. Cashbox installs and operates an estate of ATMs, typically on five to seven year contracts, at sites throughout the UK where there is a demand for cash withdrawal services and where customers are willing to pay a convenience fee.
Cashbox was granted membership of LINK in March 2004, allowing Cashbox to incorporate its ATMs in the LINK network. Cashbox also has a Bank of England settlement account and became the first IAD in the UK to become completely compliant with the Triple DES security standard in June 2004.
The Company intends that the majority of new installations will use the Placement Model, whereby the ATM is purchased by Cashbox under lease hire, placed with the merchant and replenished by the merchant, eliminating the need for third party cash handling costs.
The Company listed on AIM in March 2006.
Palmer & Harvey McLane
The P&H Group is the UK's number one delivered wholesaler for both the independent and multiple retail trade with complete nationwide distribution facilities. Widely considered as the one-stop shop in retail, the service doesn't end at delivery alone - the P&H Group can provide a complete package to suit every business.
- 870 vehicles making 55,000 deliveries per week
- 61,000 customers rely on P&H
- The UK's 3rd largest private company
- 9,000 product lines
- 28% share of total Tobacco market (54% of the multiples)
- 14% share of total Confectionery market
- 28% share of total Ice Cream market
- 79% of multiple Off Licences are delivered by P&H
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