1 August 2016
Breedon Aggregates Limited
("Breedon")
Completion of the acquisition of Hope Construction Materials Limited
Further to the announcement on 18 November 2015, Breedon is pleased to announce that it has completed the acquisition of Hope Construction Materials Limited ("Hope") for £336 million.
As a result of the completion of the acquisition ("Completion"), the 259,120,245 new ordinary shares have been issued to Abicad Holding Limited, an associated company of Hope's seller, Cortolina Investments S.à r.l. (the "Consideration Shares"). Application has been made to the London Stock Exchange plc for the Consideration Shares to be admitted to trading on AIM. It is expected that admission will become effective and that dealings in the Consideration Shares will commence on AIM on 2 August 2016 ("Admission").
On Admission, the enlarged share capital of Breedon will be 1,410,841,536 ordinary shares of no par value in issue. This number may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of Breedon.
Upon Completion, Amit Bhatia, Hope's Chairman, was appointed to the Breedon board of directors as a non-executive director.
Regulatory Disclosures
In the previous five years, Amit Bhatia, aged 36, has been a director of the following entities:
Current Directorships |
Past Directorships |
QPR Holdings Limited |
Hope Construction Materials Limited |
Global Relief Initiative |
Hope Construction Products Limited |
Brimary Investments Sarl |
Hope Cement Limited |
Swordfish Capital Management LLP |
Hope Ready Mixed Concrete Limited |
Swordfish Investments LLP |
AirAsia Berhad |
|
Maurindo Investments Limited |
|
Swordfish Capital Services Limited |
|
PT Ispat Indo |
There are no other details regarding the appointment of Amit Bhatia that require disclosure under the AIM Rules.
The information contained within this announcement is deemed by the Group to constitute inside information under the Market Abuse Regulations (EU) No. 596/2014.
Enquiries:
Breedon Aggregates Limited Peter Tom, Executive Chairman Pat Ward, Chief Executive Rob Wood, Finance Director Stephen Jacobs, Head of Communications |
Tel: 01332 694444 Tel: 07831 764592 |
Cenkos Securities (NOMAD and Joint Broker)
Max Hartley Tel: 020 7397 8900
Peel Hunt (Joint Broker)
Justin Jones / Mike Bell Tel: 020 7418 8900
