Bilby PLC Change of name to Kinovo plc (1539C)

TIDMBILB

RNS Number : 1539C

Bilby PLC

16 June 2021

16 June 2021

Bilby plc

("Bilby" or the "Company")

Change of name to Kinovo plc

Bilby Plc (AIM: BILB) announces that the Company is unveiling a change of name and new corporate identity. This reflects the fundamental changes and realignment that have taken place and re-positions the business for the future. Following the Board's approval, Bilby plc will now be renamed Kinovo plc ("Kinovo") with immediate effect. This revitalised corporate identity represents a new chapter for the Group.

As a result of the change of name, the Company's stock market ticker will change tomorrow to KINO and its ISIN will remain unchanged. The change of name will not affect any rights of shareholders and existing share certificates should be retained as they will remain valid and no new share certificates will be issued.

Kinovo provides electrical, mechanical, building repair and maintenance, as well as construction services, through four long-established and complementary subsidiaries. Working together and sharing centralised functions, Kinovo will focus on three key strategic pillars to broaden and deepen its areas of specialism and expertise across the UK:

Regulation - Assuring safety and regulatory compliance standards in homes and places of work

Regeneration - Creating and enhancing dwellings and workplaces to support sustainable and resilient communities

Renewables - Providing energy efficient solutions that reduce carbon footprint

These areas build on our current focus and reflect our ambition to be a leading UK provider of end-to-end specialist services within the housing and property sector.

The new website address of the Company is www.kinovoplc.com

David Bullen, Chief Executive of Kinovo plc, commented :

"As a Board, we believed the time was right for a re-brand, having steered the business through a successful turnaround and wishing to now look to the future with a reinvigorated purpose.

We are therefore delighted to announce our new name and brand identity. The name Kinovo was derived through a series of workshops that included our employees; "kin" relates to family; our people, our subsidiaries, our clients and communities. It also forms part of the word "kinetic"; a type of motion that gains more energy as it accelerates. The word "novo" is from the Latin word meaning to make new.

Combined, Kinovo reflects a renewed family with connected competence as its core."

Enquiries

 
 Kinovo plc 
 Sangita Shah, Chairman                          [phone] 
  David Bullen, Chief Executive Officer           (via Hudson Sandler) 
 
 Canaccord Genuity Limited (Nominated Adviser 
  and Sole Broker)                               [phone] 
 Corporate Broking: 
  Bobbie Hilliam 
  Andrew Potts 
  Georgina McCooke 
 
  Sales: 
  Jonathan Barr 
 
 Hudson Sandler (Financial PR)                   [phone] 
 Dan de Belder 
  Bertie Berger 
 

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulation (EU) No 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

Notes to editors

Kinovo plc ("Kinovo" or "the Group") is a leading UK provider of specialist property services centred on safety and regulatory compliance, home and community regeneration and sustainable living through the installation of efficient and greener energy alternatives. Its focus on Regulation, Regeneration and Renewables ensures it is well placed to meet the macro-economic drivers of our customers that are underpinned by Government legislation and policy.

The Group has four long-established and complementary subsidiaries: Purdy, Spokemead, DCB (Kent) and R. Dunham. The subsidiaries work together and share centralised functions which enables Kinovo to offer a range of services to customers to meet their own compliance and sustainability goals.

Kinovo is listed on the AIM market of the London Stock Exchange.

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June 16, 2021 11:46 ET (15:46 GMT)