Business
Credit Facility and Advisory Board
Credit Facility and Advisory Board.
About this update from Sigmaroc Plc
[{"type":"text","content":"\n \nRNS Number : 4512X SigmaRoc PLC 19 December 2019 \n\n19 December 2019\n \n(EPIC: SRC / Market: AIM / Sector: Construction Materials)\n \nSIGMAROC PLC\n ('SigmaRoc', the 'Company' or the 'Group')\n \nGroup-wide Senior Credit Facility\n \nCreation of Benelux Advisory Board\n \nSigmaRoc, the AIM quoted buy-and-build construction materials group, is pleased to provide the market with several year-end updates:\n \nProposed Group-wide Senior Credit Facility\n \nSigmaRoc is pleased to announce it has received positive indications of interest from all its incumbent banks to put in place a group-wide senior credit facility, thereby replacing several local facilities it absorbed in conjunction with recent acquisitions. SigmaRoc is confident that a new group-wide credit facility offers the best commercial outcome for the Group, including both its current activities and its planned future developments. \n \nSigmaRoc anticipates this new senior credit facility will be in place by 30 April 2020 and it has received the required change of control waivers and extensions to make this possible. \n \nCreation of Advisory Board Aggregates Benelux\n \nSigmaRoc is pleased to announce the proposed creation of an Advisory Board dedicated to the Benelux region. The Advisory Board will be chaired by Max Vermorken, CEO and he will be joined by Count Christophe de Limburg Stirum, entrepreneur and private equity investor in the Aggregates sector, as well as Pascal Lesoinne, previously CEO Cement and Aggregates for Heidelberg Cement Benelux. Emmanuel Maes, previously CEO of aggregates and dredging group De Cloedt and currently MD of Europe for SigmaRoc, and Christophe Daulemerie, MD of Carrières du Hainaut SCA, will also join the Advisory Board, with the aim to maximise SigmaRoc's potential in the region. \n \nMax Vermorken CEO commented: \n \n\"I would like to thank the incumbent banks for their continued support of our Group and look forward to working with them more closely in the coming year as we explore further opportunities in the Benelux region, which will be supported by an extremely high calibre advisory Board.\"\n \nInformation on the Company is available on the Company's website, www.sigmaroc.com.\n \n \nFor further information, please contact:\n...