Business
Further re: placing of shares by M1 Cement
Further re: placing of shares by M1 Cement.
About this update from Breedon Group Plc
[{"type":"text","content":"\n \nRNS Number : 5346S Breedon Group PLC 06 November 2019 \n\n \n \n \n6 November 2019\n \nBREEDON GROUP plc\n(\"Breedon\" or the \"Group\")\n \n \nFurther re: placing of shares by M1 Cement\n \nBreedon 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.\n \nAs 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.\n \nBreedon confirms that it will release its trading update for the ten months ended 31 October 2019 as planned on 20 November 2019.\n- ends -\n \nEnquiries:\n \nBreedon Group plc 01332 694010\nPat Ward, Group Chief Executive\nRob Wood, Group Finance Director\nSteve Jacobs, Head of Marketing and Communications\n \nCenkos Securities plc (NOMAD and Joint Broker)\nMax Hartley &nb...