6 Sep 2017 13:25
Mortice Limited
("Mortice" or the "Company")
Result of EGM
Mortice Limited (AIM: MORT), the AIM listed security and facilities management company, announces that following the extraordinary general meeting of the Company ("EGM") held earlier today all resolutions were duly passed.
Accordingly, the Company now has authority to buy-back 2,333,100 ordinary shares of no par from the vendors of the Office & General Group Limited. A further announcement will be made in due course following completion of this transaction.
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 Quirk (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
MORT.L (MORT)