Additional Listing and TVR

RNS Number : 5487V

Headlam Group PLC

03 December 2019

 

3 December 2019

Headlam Group plc

(the 'Company')

Additional Listing and Total Voting Rights

Application has been made to the FCA and the London Stock Exchange for 88,350 new ordinary shares of 5 pence each in the capital of the Company (the 'New Ordinary Shares') to be admitted to the premium listing segment of the Official List and to trading on the London Stock Exchange's Main Market for listed securities ('Admission'). The New Ordinary Shares are being issued under the terms of the deferred consideration relating to the acquisition of Domus Group of Companies Limited, as announced on 7 December 2017. The New Ordinary Shares will rank pari passu with the Company's existing ordinary shares and Admission is expected to occur on or around 9 December 2019.

Following Admission, the Company's issued share capital will comprise 85,452,093 ordinary shares of 5 pence each ('Ordinary Shares'). Of this total, the Company holds 559,934 Ordinary Shares in treasury. Therefore, the total number of voting rights in the Company will be 84,892,159. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

 

Enquiries:

Headlam Group plc	Tel: [phone]
Steve Wilson, Chief Executive Chris Payne, Chief Financial Officer Catherine Miles, Director of Communications	Email: [e-mail]
Investec Bank plc (Corporate Broker)	Tel: [phone]
David Flin / Alex Wright
Panmure Gordon (UK) Limited (Corporate Broker)	Tel: [phone]
Erik Anderson / Dominic Morley / Ailsa Macmaster
Buchanan (Financial PR and IR)	Tel: [phone]
Mark Court / Toto Berger

Notes for Editors:

Operating for 27 years and employing over 2,600 people, Headlam is Europe's leading floorcoverings distributor.

Headlam provides the distribution channel between suppliers and trade customers of floorcoverings. Working in partnership with suppliers from 22 countries manufacturing a diverse range of floorcovering products and ancillary accessories, Headlam provides an unparalleled route to market for their products across the UK and certain Continental European territories.

The utilisation of an outsourced distribution channel enables manufacturers to focus on their core activities, incur reduced costs associated with distribution, and benefit from localised sales, marketing and distribution expertise that provides a more effective and greater route to market for their products.

To maximize customer and market penetration, Headlam comprises 66 individual businesses in the UK and Continental Europe (France, the Netherlands and Switzerland) each operating under their own unique trade brand and utilising individual sales teams.

Headlam's extensive customer base, operating within both the residential and commercial sectors and comprising principally independent retailers and flooring contractors, receives the broadest product offering supported by next day delivery as well as additional marketing and other support.

Headlam's offering is enabled through its unrivalled operating expertise, long-established supplier and customer relationships, and comprehensive distribution network. Following years of considerable investment, Headlam's distribution network currently comprises four national distribution hubs, 19 regional distribution centres and a supporting network of smaller warehouse premises, trade counters, showrooms and specification centres.

In 2018, Headlam worked with 199 suppliers and fulfilled over 5.3 million customer orders.

www.headlam.com

 

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