Origin Enterprises Plc Acquisition of Neo Environmental Limited (8559U)

TIDMOGN

RNS Number : 8559U

Origin Enterprises Plc

31 March 2023

Origin Enterprises acquires Neo Environmental

Market-leading planning, environmental and technical consultancy business in the UK & Ireland

Dublin, London, 31 March 2023: Origin Enterprises plc ('Origin' or 'the Group'), the international Agronomy-Services group, providing specialist advice, inputs and digital solutions to promote sustainable land use, is pleased to announce the acquisition of Neo Environmental Limited ('Neo'). Neo is a multi-disciplinary consultancy business that provides market-leading planning, environmental and technical advice to a range of clients, primarily in the energy and infrastructure sectors across the UK & Ireland.

Origin Chief Executive Officer, Sean Coyle, said : "The acquisition of Neo Environmental aligns with our strategy to broaden the Group's amenity, environmental and ecological portfolio and enhances our ability to deliver on our ambition of promoting sustainable land use.

In addition to clients in the energy and infrastructure sectors, as subsidy regimes change, we expect farmers will continue to assess alternative uses for less productive agricultural land. Neo, in conjunction with our existing ecological specialist business Keystone Environmental, will ensure we are positioned to provide an enhanced range of consulting and advisory services. We are delighted to welcome Neo to the Origin Group and look forward to working with the team.

Following the completion of our EUR20 million share buyback programme this week, which has seen a cumulative EUR60 million returned to shareholders via share buybacks in the last two years, we expect our near-term capital deployment will be focused on further bolt-on acquisitions, strategic capex to drive organic growth and our progressive dividend policy."

ENDS

Enquiries

 
Origin Enterprises plc 
TJ Kelly 
Chief Financial Officer                          Tel:   [phone] 
 
Brendan Corcoran 
Head of Investor Relations and Group 
 Planning                                        Tel:   [phone] 
 
            Goodbody (Euronext Growth (Dublin) 
             Adviser) 
            Joe Gill                             Tel:   [phone] 
 
            Davy (Nominated Adviser) 
            Anthony Farrell                      Tel:   [phone] 
 
Numis Securities (Stockbroker) 
                                                        [phone] 
            Stuart Skinner                       Tel:    1314 
 
FTI Consulting (Financial Communications 
 Advisers) 
Jonathan Neilan / Patrick Berkery                       [phone] 
 / Jack White                                    Tel:    5988 
 
 
 
   About N eo Environmental Limited 
 
 Neo Environmental Limited ('Neo') is a market-leading planning 
  and environmental consultancy business providing advice for 
  all development types across the UK and Ireland. Having advised 
  on over 800 projects to date, Neo has a strong industry track 
  record and has won multiple awards for work completed on over 
  4GW of renewable energy projects since the company's foundation 
  in 2012. 
 
  The Neo team consists of experienced and accredited planners, 
  engineers and multi-disciplinary environmental consultants, 
  ensuring it provides a full suite of in-house collaborative 
  services for projects. Neo successfully delivers projects, 
  whether small or complex, through a comprehensive understanding 
  of planning requirements, particularly in the renewable energy 
  industry. 
 
  For more information, please visit: https://www.neo-environmental.co.uk/ 
 

About Origin Enterprises plc

Origin Enterprises plc is an international Agronomy-Services group, providing specialist advice, inputs and digital solutions to promote sustainable land use. The Group has leading market positions in Ireland, the United Kingdom, Brazil, Poland, Romania and Ukraine. Origin's ordinary shares are listed on the Euronext Growth (Dublin) market of Euronext Dublin and the AIM market of the London Stock Exchange.

   Euronext Growth (Dublin) ticker symbol:   OIZ 
   AIM ticker symbol:                                     OGN 
   Website:                                                     www.originenterprises.com 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

ACQWPUMGWUPWPUU

(END) Dow Jones Newswires

March 31, 2023 02:00 ET (06:00 GMT)