10 July 2013
TREATT PLC
("Treatt" or "the Company")
Placing of shares owned by the Bovill Family Concert Party
On 19 March 2013 the Bovill Family announced its intention to seek a buyer for its aggregate interest in 2,972,405 Treatt ordinary shares representing 29.07% of the voting rights of Treatt. In the same announcement Bjornstad and Jendal A/S who owned 348,453 Treatt ordinary shares, had agreed to co-operate with the Bovill Family with a view to a sale of their collective interests in Treatt ordinary shares.
In response to the announcement on 19 March, the Company issued a press release stating that the Board of Treatt would be willing to assist the Bovill Family in finding investors willing to buy all or part of their shareholding.
The Board of Treatt is pleased to announce that 3,299,445 Treatt ordinary shares owned by the Bovill Family and Bjornstad and Jendal A/S have today been placed with institutional investors at a price of 520p per share ("the Placing").
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Shareholding |
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Shareholding |
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prior to the |
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post the |
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Placing |
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Placing |
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(shares) |
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(shares) |
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Bovill Family Holdings |
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Alison Bovill |
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125,000 |
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0 |
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Giles Bovill |
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574,640 |
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21,999 |
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Hugo Bovill |
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534,284 |
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0 |
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Giles Bovill and Alison Bovill |
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749,534 |
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0 |
as trustees of the WG Bovill 1985 |
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Settlement (GR Bovill's fund) |
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Hugo Bovill and Oriel Bovill |
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749,533 |
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0 |
as trustees of the WG Bovill 1985 |
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Settlement (HB Bovill's fund) |
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Hugo Bovill and Oriel Bovill |
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155,000 |
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0 |
as trustee for Oriel Bovill |
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Hugo Bovill and Oriel Bovill |
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85,000 |
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0 |
as trustees for their children (2006 Settlement) |
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2,972,991 |
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21,999 |
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Bjornstad and Jendal A/S |
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348,453 |
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0 |
Tim Jones, Chairman of Treatt, commenting, said "The Board is delighted that this matter is resolved and the Company can concentrate on delivering the benefits of its new strategy. I would like to thank our staff, customers, suppliers and shareholders for their support during this period of transition."
For enquiries please contact:
Treatt plc
Tim Jones, Chairman
07815 196778
