24 Oct 2017 09:08
Mortice Limited
("Mortice" or the "Company")
Issue of Equity
Mortice Limited (AIM: MORT), the AIM listed security and facilities management company, announces that it has allotted 500,000 new ordinary shares of no par value ("Ordinary Shares") in relation to the acquisition of O&G Group, announced on 4 August 2015 (the "Acquisition"), being the final element of the consideration of the Acquisition.
A total of 3,500,000 Ordinary Shares have been allotted to vendors of O&G in relation to the Acquisition.
Application has been made to the London Stock Exchange for the 500,000 new Ordinary Shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will become effect and trading will commence at 8.00 a.m. on 26 October 2017.
Following Admission, the total number of Ordinary Shares in issue will be 53,417,440 and the total number of voting rights will therefore be 53,417,440. This figure may be used by shareholder as the denominator for the calculations by which they will determine if there are require to notify their interest, in or a change to their in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.
Mortice Limited | www.morticegroup.com | |
Manjit Rajain, Executive Chairman | Tel: +91 981 800 0011 | |
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finnCap Ltd | Tel: 020 7220 0500 | |
Adrian Hargrave / Giles Rolls / Alex Price (Corporate Finance) |
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Tony Quirke (Corporate Broking) |
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Walbrook PR | Tel: 020 7933 8780 or mortice@walbrookpr.com | |
Paul McManus/ Sam Allen | Mob: 07980 541 893 / 07884 664 686 | |
About Mortice Limited
Mortice (AIM: MORT), is an AIM listed security and facilities management company, incorporated in Singapore and based in India with additional operations in Singapore and the UK.
Mortice operates under two brands, in India:
§ Peregrine - provision of guarding and security services to a wide range of clients from blue-chip companies, smaller businesses, commercial and private properties, and individuals.
§ Tenon - provision of a full range of facilities management services to corporate occupiers, owners and developers of real estate. Clients include respected blue-chip and home-grown companies. Within the Tenon group of companies Mortice also offers security surveillance services through its subsidiary Soteria and mechanical and engineering services via Rotopower.
The business is growing and profitable and is focused on expanding its geographical footprint and growing through targeted acquisitions, as well as organically.
In 2015, the Company established Tenon UK and through this wholly owned subsidiary acquired UK based Office & General Group Limited, an independent property service company specialising in cleaning and providing support services such as environmental solutions and built fabric maintenance in the UK. In addition, the Company acquired a 51% majority stake in Singapore-based security company Frontline Security Pte. Ltd, and has an option to acquire an additional 25% within three years.
Learn more about Mortice through this video interview with Manjit Rajain, Executive Chairman of Mortice:
www.brrmedia.co.uk/broadcasts/57c94e8cd6c09fd74b0ae623/mortice-unlocking-potential