Breedon Aggregates Ld Completion of the acquisition of Hope (7906F)
01 August 2016 - 7:01AM
UK Regulatory
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: 020 7397 8900
Peel Hunt (Joint Broker)
Justin Jones / Mike Bell Tel: 020 7418 8900
This information is provided by RNS
The company news service from the London Stock Exchange
END
ACQEFLBBQVFEBBL
(END) Dow Jones Newswires
August 01, 2016 02:01 ET (06:01 GMT)