HMLH.L Regulatory News (HMLH)

2 May 2007 07:00

HML Holdings PLC02 May 2007 HML Holdings plc ("HML" or "the Group") Acquisition strengthens HML's position in Hampshire and Surrey HML Holdings plc (AIM: HMLH), a leading provider of property management,insurance and ancillary services to residential property blocks, announces thatit has acquired the business and assets of the Harrisons partnership("Harrisons"), an Aldershot based residential management and lettings businessspecialising in blocks of flat management and lettings, for a totalconsideration of £300,000 to be paid in cash. The acquisition of Harrisons, which had unaudited partnership revenues ofapproximately £164,000 for the year ended 31 March 2006, is expected to beimmediately earnings enhancing. It is the second acquisition HML has made sincethe Group's AIM flotation in June 2006. The acquisition forms part of HML's ongoing regional expansion programme. Itprovides the Group with a strengthened presence in the east Hampshire and westSurrey region and will allow it to provide a higher quality of service to itsclients in the area. It also provides the Group with a platform from which itcan source new business opportunities in the area. Harrisons was founded in 1976 and provides property management services toapproximately 650 block units and 150 estate houses, as well the lettingsmanagement of just over 100 residences. Going forwards Harrisons will bestrengthened by additional staff and management transferred from HML Andertonsin Croydon. Commenting on the acquisition, Rob Plumb, Chief Executive of HML, said: "We arepleased to welcome Harrisons into the Group. Harrisons has an excellent servicereputation in the Aldershot area and will significantly extend and improve HML'sservice offering in the region." For further information: Azhic BasirovSmith & Williamson Corporate Finance 020 7131 4000 Richard Sunderland/Jeremy CareyTavistock Communications Group 020 7920 3150 This information is provided by RNS The company news service from the London Stock Exchange