Bilby PLC Change of name to Kinovo plc (1539C)
June 16 2021 - 11:46AM
UK Regulatory
TIDMBILB
RNS Number : 1539C
Bilby PLC
16 June 2021
16 June 2021
Bilby plc
("Bilby" or the "Company")
Change of name to Kinovo plc
Bilby Plc (AIM: BILB) announces that the Company is unveiling a
change of name and new corporate identity. This reflects the
fundamental changes and realignment that have taken place and
re-positions the business for the future. Following the Board's
approval, Bilby plc will now be renamed Kinovo plc ("Kinovo") with
immediate effect. This revitalised corporate identity represents a
new chapter for the Group.
As a result of the change of name, the Company's stock market
ticker will change tomorrow to KINO and its ISIN will remain
unchanged. The change of name will not affect any rights of
shareholders and existing share certificates should be retained as
they will remain valid and no new share certificates will be
issued.
Kinovo provides electrical, mechanical, building repair and
maintenance, as well as construction services, through four
long-established and complementary subsidiaries. Working together
and sharing centralised functions, Kinovo will focus on three key
strategic pillars to broaden and deepen its areas of specialism and
expertise across the UK:
Regulation - Assuring safety and regulatory compliance standards
in homes and places of work
Regeneration - Creating and enhancing dwellings and workplaces
to support sustainable and resilient communities
Renewables - Providing energy efficient solutions that reduce
carbon footprint
These areas build on our current focus and reflect our ambition
to be a leading UK provider of end-to-end specialist services
within the housing and property sector.
The new website address of the Company is www.kinovoplc.com
David Bullen, Chief Executive of Kinovo plc, commented :
"As a Board, we believed the time was right for a re-brand,
having steered the business through a successful turnaround and
wishing to now look to the future with a reinvigorated purpose.
We are therefore delighted to announce our new name and brand
identity. The name Kinovo was derived through a series of workshops
that included our employees; "kin" relates to family; our people,
our subsidiaries, our clients and communities. It also forms part
of the word "kinetic"; a type of motion that gains more energy as
it accelerates. The word "novo" is from the Latin word meaning to
make new.
Combined, Kinovo reflects a renewed family with connected
competence as its core."
Enquiries
Kinovo plc
Sangita Shah, Chairman +44 (0)20 7796 4133
David Bullen, Chief Executive Officer (via Hudson Sandler)
Canaccord Genuity Limited (Nominated Adviser
and Sole Broker) +44 (0)20 7523 8000
Corporate Broking:
Bobbie Hilliam
Andrew Potts
Georgina McCooke
Sales:
Jonathan Barr
Hudson Sandler (Financial PR) +44 (0)20 7796 4133
Dan de Belder
Bertie Berger
The information contained within this announcement is deemed to
constitute inside information as stipulated under the Market Abuse
Regulation (EU) No 596/2014. Upon the publication of this
announcement, this inside information is now considered to be in
the public domain.
Notes to editors
Kinovo plc ("Kinovo" or "the Group") is a leading UK provider of
specialist property services centred on safety and regulatory
compliance, home and community regeneration and sustainable living
through the installation of efficient and greener energy
alternatives. Its focus on Regulation, Regeneration and Renewables
ensures it is well placed to meet the macro-economic drivers of our
customers that are underpinned by Government legislation and
policy.
The Group has four long-established and complementary
subsidiaries: Purdy, Spokemead, DCB (Kent) and R. Dunham. The
subsidiaries work together and share centralised functions which
enables Kinovo to offer a range of services to customers to meet
their own compliance and sustainability goals.
Kinovo is listed on the AIM market of the London Stock
Exchange.
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END
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June 16, 2021 11:46 ET (15:46 GMT)
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