Bovill Family Concert Party Placing

RNS Number : 0534J

Treatt PLC

10 July 2013

 



10 July 2013

TREATT PLC

("Treatt" or "the Company")

Placing of shares owned by the Bovill Family Concert Party

On 19 March 2013 the Bovill Family announced its intention to seek a buyer for its aggregate interest in 2,972,405 Treatt ordinary shares representing 29.07% of the voting rights of Treatt. In the same announcement Bjornstad and Jendal A/S who owned 348,453 Treatt ordinary shares, had agreed to co-operate with the Bovill Family with a view to a sale of their collective interests in Treatt ordinary shares.

In response to the announcement on 19 March, the Company issued a press release stating that the Board of Treatt would be willing to assist the Bovill Family in finding investors willing to buy all or part of their shareholding.

The Board of Treatt is pleased to announce that 3,299,445 Treatt ordinary shares owned by the Bovill Family and Bjornstad and Jendal A/S have today been placed with institutional investors at a price of 520p per share ("the Placing"). 

				Shareholding		Shareholding
				prior to the		post the
				Placing		Placing
				(shares)		(shares)
Bovill Family Holdings
Alison Bovill				125,000		0
Giles Bovill				574,640		21,999
Hugo Bovill				534,284		0
Giles Bovill and Alison Bovill				749,534		0
as trustees of the WG Bovill 1985
Settlement (GR Bovill's fund)
Hugo Bovill and Oriel Bovill				749,533		0
as trustees of the WG Bovill 1985
Settlement (HB Bovill's fund)
Hugo Bovill and Oriel Bovill				155,000		0
as trustee for Oriel Bovill
Hugo Bovill and Oriel Bovill				85,000		0
as trustees for their children (2006 Settlement)
				2,972,991		21,999
Bjornstad and Jendal A/S				348,453		0

Tim Jones, Chairman of Treatt, commenting, said "The Board is delighted that this matter is resolved and the Company can concentrate on delivering the benefits of its new strategy. I would like to thank our staff, customers, suppliers and shareholders for their support during this period of transition."     

For enquiries please contact:

Treatt plc

Tim Jones, Chairman

07815 196778

 

END

 

 

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