VULC.AQSE

Vulcan Industries PLC
Vulcan Industries Plc - Acquisition of Peregrine X Limited – Update
16th November 2022, 12:50
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16 November 2022

                             Vulcan Industries plc

                          ("Vulcan" or the "Company")

                  Acquisition of Peregrine X Limited - Update

Further to the announcement on 14 October 2022, Vulcan Industries plc (AQSE:
VULC) announces that it has not been able to conclude the agreement to acquire
the entire share capital of Peregrine X Limited and its 100% owned subsidiary
Peregrine Analytics Limited ("Peregrine" together the "Peregrine Group") From
Unity Global - FZCO (the "Vendor" or "Unity Group").

Discussions continue with both the Peregrine and Unity Group and further
announcements will be made should these progress.

For further information, visit: https://vulcanplc.com

The directors of Vulcan accept responsibility for this announcement.

Contacts

Vulcan Industries plc                             Via Vox Markets

Ian Tordoff, Chairman

First Sentinel Corporate Finance Ltd              +44 7876 888 011
(AQSE Corporate Adviser)

Brian Stockbridge

Jenny Liu

Vox Markets (Media and Investor Relations)        vulcan@voxmarkets.co.uk

Kat Perez                                         +44 7881 622 830

Paul Cornelius                                    + 44 7866 384 707

About Vulcan

Vulcan has been incorporated to build a group of UK companies providing high
quality products and services to the engineering, manufacturing and engineering
sectors, particularly focussed on metal fabrication and precision engineering,
which have underlying profitability and growth potential and can benefit from
being part of a larger group focussed on similar or complementary sectors to
the target.

Vulcan seeks to acquire and consolidate traditional but historically profitable
engineering, manufacturing and industrial SMEs for value and to enhance this
value in part through group synergies, but primarily by unlocking growth which
is not being achieved as a standalone private company. The group will also
optimise productivity through the introduction of new technologies and
processes. For more information visit https://www.voxmarkets.co.uk/listings/PLU
/VULC

About Unity Global - FZCO

The Vendor is a subsidiary of the Unity Group, a mergers and acquisitions firm
that specialise in attracting investment and creating opportunities for small
to medium-sized enterprises ("SMEs") to scale. https://www.unity-group.com/

Forward Looking Statements

This news release may contain "forward-looking" statements and information
relating to the Company. These statements are based on the beliefs of Company
management, as well as assumptions made by and information currently available
to Company management. The Company does not undertake to update forward-looking
statements or forward-looking information, except as required by law.

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulations
(EU) No. 596/2014. Upon the publication of this announcement via a Regulatory
Information Service, this inside information is now considered to be in the
public domain.
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