Amcomri Group plc

("Amcomri", the "Company" or the "Group")

Result of Placing

Amcomri Group plc (AIM: AMCO), the 'Buy, Improve, Build' UK and Ireland focused, specialist engineering services and industrial manufacturing group, announces that further to the announcement made earlier today regarding a Placing of existing Ordinary Shares via an accelerated bookbuild (the "Launch Announcement"), the oversubscribed Placing has now closed with a total of 7,407,407 Placing Shares sold on behalf of the Selling Shareholders at a price of 135 pence per Ordinary Share.

Capitalised terms used in this announcement have the meanings given to them in the Launch Announcement, unless the context provides otherwise.

Details of the Placing Shares sold are as follows:

Notes:

(1)  Following the sale of the Placing Shares, Paul McGowan remains beneficially interested in a total of 23,454,220 Ordinary Shares, representing 32.58% of the Company's issued share capital including 17,618,696 Ordinary Shares held through his private investment company, Amcomri Holdings Limited (not part of Amcomri Group Plc), 3,818,182 Ordinary Shares held through its wholly owned subsidiary, Oranmore Limited and 2,017,342 Ordinary Shares held in his own name.

(2)  The Ordinary Shares held by Oranmore Limited were issued pursuant to a debt for equity swap agreement on IPO at the IPO placing price. In addition, Paul McGowan invested £1 million in the Company's £12 million placing connected with the IPO.

Cavendish Capital Markets Limited ("Cavendish" or the "Bookrunner") acted as sole bookrunner in relation to the Placing.

Lock‑in arrangements

Following completion of the Placing, the Selling Shareholders have undertaken not sell, transfer or dispose of any Ordinary Shares held by them for 12 months. These restrictions are subject to certain customary exceptions including any sale or disposal with the prior consent of Cavendish.

Enquiries:

To find out more, please visit: www.amcomrigroup.com

Notes to Editors:

Amcomri is a 'Buy, Improve, Build' group focusing on acquiring, integrating and enhancing specialist engineering services and industrial manufacturing businesses in the UK and Ireland. The Group provides niche technical services and products to a diverse range of industrial sectors and markets and has a significant focus on major infrastructure, transportation and energy companies.

The Group currently operates through the following two divisions:

·    Embedded Engineering Division: provides specialist technical and engineering services for major industrial, infrastructure and transportation clients, typically with complex technical needs and undertaken in operating environments where safety and compliance performance are critical requirements. The division predominantly provides engineering services and support for their clients' capital intensive, mission-critical assets such as high voltage electrical transmission systems, petrochemical and continuous process operations, and large power generation plants.

·    B2B Manufacturing Division: focuses on selective niche B2B markets or businesses, where the Group has identified an opportunity to achieve enhanced financial performance by leveraging an initially strong competitive market position that can subsequently be enhanced by the Group's industrial business improvement capabilities.

The Group operates across a diverse range of sectors and markets, including industrial, infrastructure and mass transportation. The Group deploys a structured 'Buy, Improve, Build' strategy with a track record of value enhancing acquisitions in the industrial environment. It has a particular focus on leveraging the Group's experience and track record relating to acquisitions arising from owner manager 'retirement' situations, where there are often no, or limited, alternative plans for succession in the business.

The Group currently comprises 15 operating companies. Post acquisition, the Group has a strong focus on facilitating and supporting its operating companies with organic growth initiatives, and the Group's businesses are well placed to take advantage of generally positive and resilient conditions in their respective niche end markets.

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