27 March 2024
(EPIC:
SRC / Market: AIM / Sector: Construction Materials)
SIGMAROC
PLC
('SigmaRoc',
the 'Group' or the
'Company')
Completion of acquisition of
CRH's UK Lime operations
SigmaRoc, the Northern European
quoted lime and limestone group, is pleased
to announce that, further to its announcement on 4 March 2024, it
has today completed the acquisition of the UK lime operations of
CRH plc (the 'UK Target') for a total consideration of €155
million (approximately £133 million).
The UK Target comprises CRH's UK
lime operations, the leading producer of lime products in the UK.
Founded in 1891 and headquartered in Buxton, Derbyshire, the
business operates from sites in Tunstead and Hindlow, with a total
of 5 permitted lime kilns. In the year ending 31 December 2022, the
UK Target generated revenue of €105.4 million and operating profit
of €19.5 million. The consideration payable for the UK Target will
be satisfied by a draw down under the New Facilities.
Defined terms used throughout this
announcement have the meanings set out in the admission document
published by the Company on 23 November 2023 unless the context
requires otherwise.
Information on the Company is
available on its website, www.sigmaroc.com.
For
further information, please contact:
|
SigmaRoc plc
Max Vermorken (Chief Executive
Officer)
Garth Palmer (Chief Financial
Officer)
Tom Jenkins (Head of Investor
Relations)
|
Tel: +44 (0) 207 002 1080
ir@sigmaroc.com
|
|
Liberum Capital (Nomad and Co-Broker)
Dru Danford / Ben Cryer / John
More
|
Tel: +44 (0) 203 100 2000
|
|
Deutsche Numis (Co-Broker)
Richard Thomas / Hannah
Boros
|
Tel: +44 (0) 207 260 1000
|
|
Peel Hunt (Co-Broker)
Mike Bell / Ed Allsopp
Walbrook PR Ltd (Public Relations)
Tom Cooper / Nick Rome
|
Tel: +44 (0) 20 7418 8900
Tel: +44 20 7933 8780 /
sigmaroc@walbrookpr.com
Mob: +44 7971 221972
|
About SigmaRoc plc:
SigmaRoc is a quoted lime and
limestone group, targeting quarried materials assets in the UK and
Northern Europe.
Lime and limestone are key resources
in the transition to a more sustainable economy. New applications
for lime and limestone products as part of a drive for
sustainability include the production and recycling of lithium
batteries, the decarbonisation of construction including through
substitution of cementitious material and new building materials,
and environmental applications including lake liming, air pollution
and direct air capture.
SigmaRoc seeks to create value by
purchasing assets in fragmented materials markets and extracting
efficiencies through active management and by forming the assets
into larger groups. It seeks to de- risk its investments through
the selection of projects with strong asset backing.