Press Release |
17 March 2015 |
Newmark Security plc
("Newmark" or the "Company")
Placing of 65,595,283 existing ordinary shares in Newmark Security plc
Newmark Security plc (AIM:NWT), a leading provider of electronic and physical security systems, is pleased to announce that Cantor Fitzgerald Europe has placed 65,595,283 existing ordinary shares of 1p each, representing 14.56% of Newmark's issued share capital, with new and existing institutional investors at 2.6p per share. The shares have been placed on behalf of various members of the Reid family and associates thereof ("Reid Family"), to help satisfy continuing institutional demand (the 'Placing').
Following this Placing, the Reid Family remains beneficially interested in 66,000,000 ordinary shares, which represents 14.65% of the issued share capital of the Company.
Commenting on the Placing, Marie-Claire Dwek, CEO, said: "I believe this is a positive development for the Company as it improves both the liquidity of the shares and builds upon our existing institutional shareholder base."
The Reid Family also commented: "We wish it to be known that we have every confidence in the strategy of Newmark and in the management of the Company. As such, the family is not inclined to effect any further sale of securities over the short to medium term."
For further information:
Newmark Security plc |
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Marie-Claire Dwek, Chief Executive Officer |
Tel: +44 (0) 20 7355 0070 |
Brian Beecraft, Group Finance Director |
www.newmarksecurity.com |
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Cantor Fitzgerald Europe |
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David Foreman / Michael Reynolds, Corporate Finance David Banks / Tessa Sillars, Corporate Broking |
Tel: +44 (0) 20 7894 7000 |
Yellow Jersey PR Dominic Barretto / Anne Sampson / Kelsey Traynor |
Tel: +44 (0) 7799 003220 [email protected] |
Notes to Editors:
Newmark Security PLC is a leading provider of electronic and physical security systems, which focus on personal security and the safety of assets. Operating through two established and wholly owned divisions, Grosvenor Technology (Electronic) and Safetell (Physical Security), the Group listed on AIM in 1997.
Grosvenor Technology provides state of the art access control and data acquisition systems delivered via its reputable JANUS access control platform and its CUSTOM brand data-collection terminals. The next generation and recently launched SATEON software is a new and innovative access control concept which delivers all the features of a software based system but in the cloud which improves the lifecycle cost, install speed and allow for instant maintenance from anywhere in the world. Grosvenor Technology clients include BAE Systems, UK Air Traffic Control, BSkyB, Merrill Lynch, Bank of America, M & S, Morrisons, Tesco, Network Rail, government departments and many universities. More information can be found at www.grosvenortechnology.com
Offering staff and asset protection since 1987, Safetell is the UK's leading provider of fixed and reactive security screens, reception counters, cash management systems and associated security equipment. Safetell's customers range from leading blue chip organisations to single sites including banks and building societies, police forces and the Post Office, local authorities and government departments, forecourt retailers and supermarket chains. More information can be found at www.safetell.co.uk
