3 Apr 2017 07:00
HML Holdings plc
("HML", "the Company" or "the Group")
Acquisition Completion
HML Holdings plc (AIM: HMLH), a leading provider of property management, insurance and ancillary services to residential property blocks, is pleased to announce that further to the announcement made on 28 March 2017 it completed the acquisition of Faraday Property Management Limited ("FPM"), a property management business based in Holborn, on 1 April 2017.
As part of the consideration the Company has issued 326,439 new ordinary shares of 1.5 pence ("Ordinary Shares") at an issue price of 40p per new Ordinary Share ("Consideration Shares"), being the average closing mid-market price on the 5 days prior to completion. The Company will apply to the London Stock Exchange for admission of the Consideration Shares to trading on AIM on 7 April 2017 ("Admission"). Following Admission, the total number of Ordinary Shares in issue will be 45,084,535 and the total number of voting rights in the Company will be 45,084,535. There will be no Ordinary Shares held in treasury. The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company, under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules. The Consideration Shares will represent 0.7 per cent. of the enlarged issued share capital of the Company.
The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.
For further information, please contact:
HML Holdings plc
Robert Plumb, Chief Executive Officer
James Howgego, Finance Director Tel: 020 8439 8529
finnCap
Jonny Franklin-Adams / Giles Rolls - corporate finance Tel: 020 7220 0500
Mia Gardner - corporate broking
Tavistock Communications Group
James Verstringhe/Jeremy Carey Tel: 020 7920 3150