Admission of New Shares

RNS Number : 6237L

HSS Hire Group PLC

14 January 2021

 

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN, INTO OR FROM AUSTRALIA, CANADA, JAPAN, THE UNITED STATES  OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD BREACH ANY APPLICABLE LAW OR REGULATION.

FURTHER, THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND IS NOT AN OFFER OF SECURITIES IN ANY JURISDICTION.

14 January 2021

HSS Hire Group plc

("HSS Hire" or the "Company")

Admission of New Shares

HSS Hire is pleased to announce the admission of the Company's ordinary shares of 1 pence each (" Ordinary Shares ") to trading on AIM will take place at 8.00 a.m. today.  Simultaneously, the admission of the Ordinary Shares to trading on the Main Market of London Stock Exchange plc and to the premium listing segment of the Official List will be cancelled. The Ordinary Shares will continue to trade under the TIDM "HSS". This follows the Company's announcement on 16 November 2020 and the General Meeting held on 4 December 2020.

Alan Peterson OBE, Chairman, commented today:

"The Company has recently restructured its operating model to accelerate its digital strategy and I am delighted to say is performing well, delivering trading revenues in Q4 2020 at 94% of 2019 levels, with December at 97%, and maintaining strong liquidity headroom in excess of £100m at the financial year end.  This strategy acceleration supports the Company's ambitions of providing the most advanced, customer-centric offering in the UK asset rental marketplace with admission to AIM enabling greater flexibility as we continue to implement change and drive profitable growth."

Company information (as required by AIM Rule 26) can be found at www.hsshiregroup.com.

For further information, please contact:

HSS Hire Group plc	Tel: [phone]
Steve Ashmore, Chief Executive Officer	Please email: [e-mail]
Paul Quested, Chief Financial Officer
Greig Thomas, Head of Group Finance
Numis Securities, Nominated Adviser and Broker Stuart Skinner George Price George Shiel	Tel: [phone]
Teneo, Financial PR	Tel: [phone]
Tom Davies/ Charles Armitstead

The person responsible for releasing this announcement is Daniel Joll, Company Secretary.

HSS Hire Group plc LEI: 2138004DGL1J6VQO6S92

 

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