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Fuller, Smith & Turner Says AEL Got CMA Confirmation On No Further Questions Regarding Disposal


Friday, 29 Mar 2019 03:01am EDT 

March 29 (Reuters) - Fuller Smith & Turner PLC ::DISPOSAL UPDATE, BOARD CHANGES & CIRCULAR.PROPOSED DEAL FOR ENTERPRISE VALUE OF £250 MILLION.ENTERED INTO AN AGREEMENT FOR SALE OF ITS ENTIRE BEER BUSINESS TO ASAHI EUROPE LTD.EXPECTS TO COMPLETE CORPORATE REORGANISATION TO TRANSFER CERTAIN ASSETS AND LIABILITIES OF ITS BEER BUSINESS TO FULLER'S BEER.CONFIRMS AEL RECEIVED CONFIRMATION FROM CMA THAT THEY HAVE NO FURTHER QUESTIONS IN RELATION TO DISPOSAL.BOARD DECIDED TO DELAY ANNOUNCEMENT OF COMPANY'S FULL YEAR RESULTS FOR 52 WEEKS TO 30 MARCH 2019 UNTIL 25 JULY 2019.SIMON DODD WILL RESIGN AS MANAGING DIRECTOR OF FULLER'S BEER COMPANY AND AS A DIRECTOR OF COMPANY.JONATHON SWAINE WILL RESIGN AS MANAGING DIRECTOR OF FULLER'S INNS AND AS A DIRECTOR OF COMPANY.RICHARD FULLER TO RESIGN AS CORPORATE AFFAIRS DIRECTOR BUT WILL REMAIN ON BOARD AS A NON-EXECUTIVE DIRECTOR.