Breedon Aggregates Ld Completion of the acquisition of Hope (7906F)

TIDMBREE

RNS Number : 7906F

Breedon Aggregates Ld

01 August 2016

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 GBP336 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   Hope Ready Mixed Concrete 
  LLP                            Limited 
-----------------------------  ----------------------------- 
 Swordfish Investments          AirAsia Berhad 
  LLP 
-----------------------------  ----------------------------- 
                                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                Tel: 01332 
  Peter Tom, Executive Chairman             694444 
  Pat Ward, Chief Executive 
  Rob Wood, Finance Director 
  Stephen Jacobs, Head of Communications 
                                            Tel: 07831 
                                            764592 
 

Cenkos Securities (NOMAD and Joint Broker)

Max Hartley Tel: [phone]

Peel Hunt (Joint Broker)

Justin Jones / Mike Bell Tel: [phone]

This information is provided by RNS

The company news service from the London Stock Exchange

END

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August 01, 2016 02:01 ET (06:01 GMT)