Capital Pub Company has said it has no intention of engaging with Fuller's in regards to its indicative 200p a share offer for the company, as it set out a strong riposte to the brewer and pub operator’s statement of earlier today, in which it reiterated it would still like to work toward a recommended transaction. To underline its point, Capital also released further details of its full-year trading and announced it had exchanged contracts to acquire the freehold of the Village in London’s Muswell Hill, for £2.9m. In a statement this morning, Fuller’s moved to clarify its April offer of 200p per share for Capital, which gives the London-based pub operator an enterprise value of £83.1m, including derivative liabilities of £3.2m. In particular, Fuller’s, which again said it would like to establish a constructive dialogue with Capital, placed a question mark against the 34-strong group’s stated growth strategy. However, in response Clive Watson, chief executive of Capital, said: “Fuller's has made an indicative offer proposal at 200p and is seeking to justify an inadequate value for the Capital business by questioning the group's growth potential. Shareholders have no formal offer to consider from Fuller's and the performance of Capital's management and business as outlined in its final results statement speaks for itself. The Capital Board have made it clear that there is no intention of engaging with Fuller's on the proposed indicative offer terms." Capital also said it believed it would be “helpful to clarify the statement on current trading” included in its final results announcement yesterday. The company said that for the first 10 weeks of the current financial year, it reported an 11% increase in like-for-like sales growth from its existing estate compared to the same period last year. Sales growth through pubs acquired or refurbished was 20%, while group sales for the 10 weeks were up 31% on the same time last year. The group said that completion for the Village deal is anticipated in mid July. It said that the Village, which will take its estate to 35, would be repositioned over the summer with a £150,000 refurbishment, with a reopening planned for early September. The company said that deal “further demonstrates the strength of its acquisition pipeline and its ability to seek out high quality single site acquisitions in line with its stated strategy of extending its estate to 45-50 pubs during 2013”.