SigmaRoc PLC Proposed Acquisition of Ronez Limited (6526P)
November 21 2016 - 2:00AM
UK Regulatory
TIDMSRC
RNS Number : 6526P
SigmaRoc PLC
21 November 2016
21 November 2016
SigmaRoc plc
("SigmaRoc" or the "Company")
Proposed Acquisition of Ronez Limited
Merger Application made to Channel Islands Competition &
Regulation Authorities
SigmaRoc (AIM:SRC) announces that, further to its statement of 5
October 2016 which set out reasons for the Company's suspension
from trading on AIM, it has participated on 18 November 2016 in an
application to the Channel Islands Competition & Regulatory
Authorities ("CICRA") for the requisite approvals in respect of the
proposed acquisition of Ronez Limited ("Ronez") from Aggregate
Industries Limited, a wholly owned subsidiary of LafargeHolcim Ltd
(the "Proposed Acquisition").
Ronez is a fully integrated producer of construction materials
and operates two quarries and multiple business lines with
associated production units across Jersey and Guernsey, providing a
full range of construction materials to the local area, including
aggregates, concrete, concrete products, asphalt and cement,
together with contracting services.
Due to its size and nature, the Proposed Acquisition will
constitute a reverse takeover of the Company pursuant to the AIM
Rules for Companies. The Proposed Acquisition will be conditional
on, inter alia, financing, CICRA approvals and the approval of
SigmaRoc shareholders at a general meeting of the Company. The
Company's ordinary shares will remain suspended from trading on AIM
until such time as an admission document is published.
Further announcements will be made in due course, as
appropriate.
-Ends-
For further information, please contact:
+44(0)20
SigmaRoc plc 7193 4470
Max Vermorken
ir@sigmaroc.com
Strand Hanson Limited (Nominated +44(0)20
and Financial Adviser) 7409 3494
James Spinney
James Dance
Zeus Capital Limited (Joint +44(0)203
Financial Adviser) 829 5000
Rob Collins
Alex Wood
Orchard PR (Channel Islands
Public Communications Adviser) +44(0)1481
Emma Anderson 251251
Tavistock (Public Relations +44 (0)20
Adviser) 7920 3150
Jos Simson
Emily Fenton
Barney Hayward
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014. Upon the
publication of this announcement via Regulatory Information
Service, this inside information is now considered to be in the
public domain.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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