Block Listing Application

RNS Number : 5692T

Van Elle Holdings PLC

21 March 2023

 

21 March 2023

Van Elle Holdings plc

('Van Elle', or the 'Company')

Block Listing Application

Van Elle Holdings plc (AIM: VANL), the UK's largest ground engineering contractor, announces that an application has been made to the London Stock Exchange for admission to trading on AIM of 447,500 new ordinary shares of 2 pence each in the Company ("Ordinary Shares").

The shares will be admitted under a block listing facility in order to satisfy the future exercise of options pursuant to the Company's Share Option Plan 2016 scheme.

It is expected that admission of the new Ordinary Shares will become effective at 08.00 a.m. on 24 March 2023. The new Ordinary Shares will rank, pari passu, with the existing Ordinary Shares in issue and the new Ordinary Shares will be allotted from time to time in accordance with the exercise of options under the Company's Share Option Plan 2016 scheme.

For further information, please contact:

Van Elle Holdings plc Mark Cutler, Chief Executive Officer Graeme Campbell, Chief Financial Officer	Via Walbrook
Peel Hunt LLP (Nominated Adviser and corporate broker) Ed Allsopp / Mike Bell	Tel: [phone]
Walbrook PR Limited	Tel: [phone] or [e-mail]
Tom Cooper / Nick Rome	07971 221 972 or 07748 325 236

About Van Elle Holdings plc:

Van Elle Holdings is the UK's largest specialist geotechnical engineering contractor. The Company provides a range of ground engineering techniques and services including - ground investigation, general and specialist piling, rail geotechnical engineering, modular foundations, and ground improvement and stabilisation services.

Van Elle operates through three divisions: General Piling, Specialist Piling and Rail, and Ground Engineering Services; and is focused on three end markets: residential and housing, infrastructure and regional construction - across which the Group has completed more than 20,000 projects over the last 35 years.

General Piling provides a range of larger piling and ground engineering solutions for open-site construction projects. Specialist Piling and Rail provides a range of geotechnical solutions in operationally constrained environments including on-track rail applications. Ground Engineering Services offers a range of ground investigation and geotechnical services and modular foundation solutions such as Smartfoot®. Van Elle has a market-leading reputation and the UK's largest rig fleet of 122 rigs.

Having floated on AIM in 2016 it now has a strong national presence, diversified offering and market-leading brand name.

 

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