MCOZ Cosentino Regs

 

TIDMMCOZ 
 
RNS Number : 6002O 
Cosentino Signature Wines plc 
10 March 2009 
 

10 March 2009 
 
 
 
 
Cosentino Signature Wines plc 
 
 
Operational Update 
 
 
Cosentino Signature Wines plc, the AIM listed, ultra-premium brand Napa Valley 
based wine company, would like to update the market on recent operational 
developments in the business. 
 
 
The Company has vacated and returned three non-essential properties, along with 
certain equipment, that it had been leasing as the result of its August, 2007 
sale and leaseback transaction at the Pope Valley, Lockeford and Clements 
locations, and has consolidated its Napa Valley operations into its fully owned 
Yountville facility and its Lodi operations into rented space in Woodbridge. 
This move is part of a rationalisation of its operating facilities and in line 
with the Company's strategy of improving operational efficiency and cost control 
as announced in December 2008. 
 
Cosentino is also in advanced negotiations with its senior debt providers as it 
seeks to continue its focus on debt reduction and control. The Company will 
update the market as appropriate, once negotiations have been finalised. 
 
 
- Ends - 
 
 
For further information please contact: 
 
 
Cosentino Signature Wines plc 
Larry Soldinger, Chairman - c/o Financial Dynamics 020 7831 3113 
 
 
Seymour Pierce 
Jonathan Wright - 020 7107 8000 
 
 
Financial Dynamics 
Jonathon Brill / Billy Clegg / Ed Westropp - 020 7831 3113 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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