Exercise of Options

RNS Number : 9930N

Breedon Aggregates Ld

04 October 2012

 



4 October 2012

Breedon Aggregates Limited (the "Company")

Exercise of Options

The Company announces that it has received notice to exercise options over 3,111 ordinary shares of no par value ("Ordinary Shares") at an exercise price of 16.4 pence per Ordinary Share. Accordingly, the Company will issue, in aggregate, 3,111 new Ordinary Shares in settlement of this exercise (the "Option Exercise").  These options were granted in March 2011 under the Company's shareshave scheme.

The new Ordinary Shares will rank pari passu with the existing Ordinary Shares and application has been made for the new Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective and dealings in the new Ordinary Shares will commence at 8.00 a.m. on 8 October 2012.

Following the Option Exercise, there will be 647,233,326 Ordinary Shares 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 the Company.

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More about Breedon Aggregates

Breedon Aggregates Limited is the largest independent aggregates group in the UK after the five global majors. It operates 27 quarries, 18 asphalt plants and 40 concrete plants in England and Scotland and employs approximately 800 people.

The group has strong asset backing, with approximately 200 million tonnes of mineral reserves and resources in the UK, providing an estimated life of approximately 48 years at current output levels.

Breedon Aggregates' strategy is to grow through consolidation of the UK heavyside building materials sector.

For further information:

Breedon Aggregates Limited

Simon Vivian, Group Chief Executive

Ian Peters, Group Finance Director

01332 694010

Stephen Jacobs, Head of Communications

07831 764592

Cenkos Securities plc

Max Hartley/Nicholas Wells

020 7397 8900

 

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