HML Holdings PLC Acquisition Completion (2750B)
April 03 2017 - 2:00AM
UK Regulatory
TIDMHMLH
RNS Number : 2750B
HML Holdings PLC
03 April 2017
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
This information is provided by RNS
The company news service from the London Stock Exchange
END
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