Last checked at 6 Nov 2019 15:30
6 November 2019
BREEDON GROUP plc
("Breedon" or the "Group")
Further re: placing of shares by M1 Cement
Breedon 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.
As 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.
Breedon confirms that it will release its trading update for the ten months ended 31 October 2019 as planned on 20 November 2019.
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Breedon Group plc 01332 694010
Pat Ward, Group Chief Executive
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