SigmaRoc PLC Board Appointment (6292W)

TIDMSRC

RNS Number : 6292W

SigmaRoc PLC

18 April 2019

SigmaRoc plc / EPIC: SRC / Market: AIM / Sector: Construction & Materials

18 April 2019

SigmaRoc plc

('SigmaRoc', the 'Company' or the 'Group')

Board Appointment

SigmaRoc plc, the buy-and-build construction materials group, is pleased to announce that, further to its announcement of 15 April 2019, Mr Tim Hall has joined the Board of Directors of the Company (the "Board"), as a Non-Executive Director, with immediate effect.

Pursuant to the relationship agreement dated 14 December 2016 between Pula Investments Limited, Bailiwick Investments Limited, TEMK Investments Limited, Ravenscroft Limited (together, the 'Shareholders'), the Company and Strand Hanson Limited, Mr Hall joins the Board as a representative of the Shareholders.

As previously announced, the Company proposes to grant Mr Hall, in due course, 443,665 Non-Management Scheme Options with an exercise price of 46p, that will vest over three years in equal tranches and will expire on 16 April 2026.

Tim Hall

Tim has spent his entire career in the aggregates industry, most recently as CEO of Breedon South, a business he helped build from inception. Prior to this he was director of Tarmac Limited's Western Area; managing director of Tarmac Western Limited, the company formed by Anglo American from the former assets of Nash Rocks, Tilcon and Tarmac. He spent the previous 27 years with Nash Rocks, latterly as managing director.

Tim brings a wealth of experience and knowledge of the industry to the Board and will be an asset in SigmaRoc's continued development, as he has been with Breedon. In particular, Tim's knowledge and network within the industry will benefit SigmaRoc's growth in the aggregates and construction materials market in the UK.

Additional Information on Mr Hall

The following additional information on Mr Hall is provided pursuant to paragraph (g) of Schedule Two of the AIM Rules for Companies.

Timothy Conrad Langston Hall (aged 66)

 
 Current Directorships / Partnerships   Past Directorships / Partnerships 
                                         (last 5 years) 
 HHD Developments Ltd                   Almeley Management Company Limited 
 Langsun Limited                        Breedon Bow Highways Limited 
                                        Breedon Bowen Limited 
                                        Breedon Cement Limited 
                                        Breedon Group Services limited 
                                        Breedon Southern Limited 
                                        H.V. Bowen & Sons (Quarry) Ltd 
                                        H.V. Bowen & Sons (Transport) 
                                         Limited 
                                        Humberside Aggregates Limited 
                                        Huntsman's Quarries Limited 
                                        Nottingham Ready Mix Limited 
                                        Pro Mini Mix Concrete, Mortars 
                                         and Screeds Limited 
                                        PSV (UK) Ltd 
 

Mr Hall does not hold any interest in the Company's ordinary shares.

There is no other information that is required to be disclosed pursuant to paragraph (g) of Schedule Two of the AIM Rules for Companies.

END

Enquiries:

SigmaRoc

Tel: [phone]

Max Vermorken, CEO

Strand Hanson (Nominated and Financial adviser)

Tel: [phone]

James Spinney / James Dance / Jack Botros

Liberum Capital (Joint Broker)

Tel: [phone]

Neil Patel / Jamie Richards / Jonathan Wilkes-Green / William Hall

Berenberg (Joint Broker)

Tel: [phone]

Ben Wright / Mark Whitmore

Investor Relations

Tel: [phone]

Ben Feder

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END

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April 18, 2019 05:30 ET (09:30 GMT)