Breedon Group PLC Further re: placing of shares by M1 Cement (5346S)
06 Noviembre 2019 - 9:30AM
UK Regulatory
TIDMBREE
RNS Number : 5346S
Breedon Group PLC
06 November 2019
6 November 2019
BREEDON GROUP plc
("Breedon" or the "Group")
Further re: placing of shares by M1 Cement
Breedon notes today's announcement by J. P. Morgan Securities
plc regarding the completion of a secondary placing of 139.7m
ordinary shares in Breedon (approximately 8.3% of the Group's
issued share capital) by M1 Cement Holding Limited ("M1 Cement"), a
former shareholder in Abicad Holding Limited ("Abicad") which
acquired its holding at the time of Breedon's acquisition of Hope
Construction Materials Limited in 2016. Following the placing M1
Cement no longer owns any shares in the Group.
As announced by Breedon on 21 October 2019, M1 Cement's holding
of ordinary shares in Breedon was separated from that of Abicad on
18 October 2019. Abicad, which is represented by Amit Bhatia,
Breedon's Non-Executive Chairman, continues to have an unchanged
holding of 165.0m ordinary shares in the Group or approximately
9.8% of the issued share capital.
Breedon confirms that it will release its trading update for the
ten months ended 31 October 2019 as planned on 20 November
2019.
- ends -
Enquiries:
Breedon Group plc 01332 694010
Pat Ward, Group Chief Executive
Rob Wood, Group Finance Director
Steve Jacobs, Head of Marketing and Communications
Cenkos Securities plc (NOMAD and Joint Broker)
Max Hartley 020 7397 8900
Numis Securities (Joint Broker)
Ben Stoop / Heraclis Economides 020 7260 1000
Teneo
Matt Denham / Rachel Miller 020 7420 3180
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END
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