Response to Press Speculation

RNS Number : 2035F

Breedon Group PLC

19 February 2018

 

BREEDON GROUP PLC ("BREEDON")

RESPONSE TO PRESS SPECULATION

Breedon notes the recent press speculation concerning a possible acquisition of all or a significant part of the Lagan Group ("Lagan"), the market leading construction materials business based in Belfast.

Breedon notes that it regularly engages with companies in its sector and it can confirm that it is in discussions with Lagan and its major shareholders in connection with a possible acquisition of a substantial part of the Lagan business.  There can be no certainty that the possible acquisition will proceed, nor as to the terms of the possible acquisition.  A further announcement will be made as appropriate.

The information contained within this announcement is deemed by the Group to constitute inside information under the Market Abuse Regulations (EU) No. 596/2014.

Note to editors

Breedon Group plc is the UK's largest independent construction materials group.  It operates the country's largest cement plant, two cementitious import terminals, around 60 quarries, 30 asphalt plants, 200 ready-mixed concrete plants and three concrete products plants nationwide.  The Group employs around 2,300 people and has more than 750 million tonnes of mineral reserves and resources.  Its strategy is to continue growing organically and through acquisition of businesses in the UK heavyside construction materials market.

For further information:

Breedon Group plc
Pat Ward, Group Chief Executive
Rob Wood, Group Finance Director
01332 694444

Stephen Jacobs, Head of Communications
07831 764592

Cenkos Securities plc
Max Hartley (Nomad and Joint Broker)
020 7397 8925

Numis Securities (Joint Broker)
Heraclis Economides/Ben Stoop
020 7260 1000

 

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