Business
Further re: Intended Sale of Shares
Further re: Intended Sale of Shares.
About this update from Breedon Group Plc
[{"type":"text","content":"\n \nRNS Number : 4934A Breedon Group PLC 29 May 2019 \n\n \n \n \nNews release\n29 May 2019 \n \nBreedon Group plc\n(\"Breedon\", \"the Company\" or the \"Group\")\nFurther re: Intended Sale of Shares\nFurther to the Company's earlier announcement relating to the intended sale of shares by Peter Tom, the Company can confirm that 22 million ordinary shares have successfully been sold at 72.0 pence per share (\"Sale\"). As part of the Sale, Amit Bhatia (Non-Executive Chairman) subscribed for 10 million ordinary shares through Abicad Holding Limited (\"Abicad\"), meaning that Abicad will have an enlarged holding of approximately 308.9 million shares, representing 18.4 per cent. of the Company's issued share capital. \nPursuant to the Sale, Peter Tom (former Executive Chairman) is now interested in approximately 21.5 million ordinary shares, representing 1.3 per cent. of the issued share capital. Mr Tom has indicated his support for the Group and has confirmed he has no current intention to dispose of any further ordinary shares. \nThis announcement contains inside information.\nEnquiries: \n \nBreedon Group plc www.breedongroup.com \nPat Ward, Group Chief Executive 01332 694010 \nRob Wood, Group Finance Director\nStephen Jacobs, Head of Communications 07831 764592 \n \nCenkos Securities plc (NOMAD and Joint Broker)\nMax Hartley &...