Issue of Equity

RNS Number : 9707V

Breedon Aggregates Ld

10 November 2010

 



BREEDON AGGREGATES LIMITED

Employee Share Issue

Breedon Aggregates Limited (the "Company") announces that it has allotted and issued 336,500 shares to 673 employees of the Breedon group, equivalent to 500 shares per employee, at 15.25 pence per share, subject to admission to AIM.  No directors participated.

Participation in the employee share issue was offered to all employees of the Breedon group to mark the new ownership of the business under the management of chairman Peter Tom CBE and CEO Simon Vivian.

Application has been made for the admission to trading of the 336,500 shares to AIM, which is expected to occur on 16 November 2010 ("Admission"). Following Admission the Company will have 554,003,167 Ordinary Shares in issue.

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More about Breedon Aggregates Limited

Breedon Aggregates Limited is the largest independent aggregates group in the UK, after the five global majors.  It operates 29 quarries, 19 asphalt plants and 27 concrete plants in England and Scotland and employs approximately 700 people.  The group has approximately 180 million tonnes of mineral reserves and resources in the UK, providing an estimated life of approximately 50 years at current output levels.  Breedon Aggregates' strategy is to grow through consolidation of the UK heavyside building materials sector.

For further information:

Breedon Aggregates Limited

Ross McDonald, Company Secretary

01332 694010

Stephen Jacobs, Head of Communications

07831 764592

Max Hartley / Beth McKiernan, Cenkos Securities plc

020 7397 8900

 

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