Mortice Limited Notice of EGM (3189X)

TIDMMORT

RNS Number : 3189X

Mortice Limited

29 April 2019

Mortice Limited

("Mortice" or the "Company")

Notice of EGM

Mortice Limited (AIM: MORT), the AIM listed security and facilities management company, announces that it has posted to shareholders a notice of Extraordinary General Meeting ("EGM") of the Company.

Further to the Company's acquisition of Elite Cleaning & Environmental Services Ltd ("Elite") announced on 24 April 2017, the EGM is called to approve the off-market buy back of 1,458,333 ordinary shares of no par value ("Ordinary Share") from Gerard McGrath and Kathleen McGrath, the vendors of Elite (the "Sellers"), for GBP1.20 per Ordinary Share following to the exercise of the option granted to the Sellers to require the Company to repurchase the consideration shares.

The EGM will be held on Friday 17 May 2019 at 5.30pm Singapore time, 10.30 a.m. UK Time or 3.00 P.M. India Time at the Company's registered office: 38 Beach Road, #29-11 South Beach Tower, Singapore 189767

This documents will shortly be available on the Company's website www.tenonworld.com/mortice.

 
 Mortice Limited                        www.morticegroup.com 
 Manjit Rajain, Executive Chairman     Tel: +91 981 800 0011 
 
 finnCap Ltd                              Tel: 020 7220 0500 
 Carl Holmes / Giles Rolls

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 Guarding Private Limited, as registered Company operating under the brand name of "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 Facility Management India Private Limited, as registered Company operating under the brand name of "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 Companies i.e. Soteria Command Center Private Limited and mechanical and engineering services via Roto Power Projects Private Limited.

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 in the name of Tenon Facility Management UK Limited and through this wholly owned subsidiary Company 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. Office & General Environmental Services Limited has been fully integrated and re-branded as Tenon FM Ltd. For more information see: www.tenon-fm.com/what-we-do

In April 2017, Tenon UK completed the acquisition of Manchester-based Elite Cleaning & Environmental Services Ltd ("Elite"). Elite has a strong blue-chip client base, which is complementary to the Company's existing UK portfolio.

The Company acquired a 51% stake in Singapore-based security company Peregrine Security Pte. Ltd (Formerly known as Frontline Security Pte. Ltd) in November 2015 and the remaining 49% stake in May 2018 for a maximum consideration of SGD 3.5 million.

Learn more about Mortice through this video interview with Manjit Rajain, Executive Chairman of Mortice: www.brrmedia.co.uk/broadcasts/57c94e8cd6c09fd74b0ae623/mortice-unlocking-potential

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END

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