Further re: placing of shares by M1 Cement

RNS Number : 5346S

Breedon Group PLC

06 November 2019

 

6 November 2019

BREEDON GROUP plc

("Breedon" or the "Group")

Further re: placing of shares by M1 Cement

Breedon notes today's announcement by J. P. Morgan Securities plc regarding the completion of a secondary placing of 139.7m ordinary shares in Breedon (approximately 8.3% of the Group's issued share capital) by M1 Cement Holding Limited ("M1 Cement"), a former shareholder in Abicad Holding Limited ("Abicad")  which acquired its holding at the time of Breedon's acquisition of Hope Construction Materials Limited in 2016.  Following the placing M1 Cement no longer owns any shares in the Group.

As announced by Breedon on 21 October 2019, M1 Cement's holding of ordinary shares in Breedon was separated from that of Abicad on 18 October 2019.  Abicad, which is represented by Amit Bhatia, Breedon's Non-Executive Chairman, continues to have an unchanged holding of 165.0m ordinary shares in the Group or approximately 9.8% of the issued share capital.

Breedon confirms that it will release its trading update for the ten months ended 31 October 2019 as planned on 20 November 2019.

- ends -

Enquiries:

Breedon Group plc                                                                           01332 694010

Pat Ward, Group Chief Executive

Rob Wood, Group Finance Director

Steve Jacobs, Head of Marketing and Communications

Cenkos Securities plc (NOMAD and Joint Broker)

Max Hartley                                                                                        020 7397 8900

Numis Securities (Joint Broker)

Ben Stoop / Heraclis Economides                                                      020 7260 1000

Teneo                                                                                      

Matt Denham / Rachel Miller                                                              020 7420 3180

 

END

 

 

FUREASFKEAXNFFF