Headlam Group PLC Additional Listing and TVR (5487V)
December 03 2019 - 9:22AM
UK Regulatory
TIDMHEAD
RNS Number : 5487V
Headlam Group PLC
03 December 2019
3 December 2019
Headlam Group plc
(the 'Company')
Additional Listing and Total Voting Rights
Application has been made to the FCA and the London Stock
Exchange for 88,350 new ordinary shares of 5 pence each in the
capital of the Company (the 'New Ordinary Shares') to be admitted
to the premium listing segment of the Official List and to trading
on the London Stock Exchange's Main Market for listed securities
('Admission'). The New Ordinary Shares are being issued under the
terms of the deferred consideration relating to the acquisition of
Domus Group of Companies Limited, as announced on 7 December 2017.
The New Ordinary Shares will rank pari passu with the Company's
existing ordinary shares and Admission is expected to occur on or
around 9 December 2019.
Following Admission, the Company's issued share capital will
comprise 85,452,093 ordinary shares of 5 pence each ('Ordinary
Shares'). Of this total, the Company holds 559,934 Ordinary Shares
in treasury. Therefore, the total number of voting rights in the
Company will be 84,892,159. This 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 FCA's Disclosure
Guidance and Transparency Rules.
Enquiries:
Headlam Group plc Tel: 01675 433 000
Steve Wilson, Chief Executive Email: headlamgroup@headlam.com
Chris Payne, Chief Financial Officer
Catherine Miles, Director of Communications
Investec Bank plc (Corporate Broker) Tel: 020 7597 5970
David Flin / Alex Wright
Panmure Gordon (UK) Limited (Corporate Tel: 020 7886 2500
Broker)
Erik Anderson / Dominic Morley
/ Ailsa Macmaster
Buchanan (Financial PR and IR) Tel: 020 7466 5000
Mark Court / Toto Berger
Notes for Editors:
Operating for 27 years and employing over 2,600 people, Headlam
is Europe's leading floorcoverings distributor.
Headlam provides the distribution channel between suppliers and
trade customers of floorcoverings. Working in partnership with
suppliers from 22 countries manufacturing a diverse range of
floorcovering products and ancillary accessories, Headlam provides
an unparalleled route to market for their products across the UK
and certain Continental European territories.
The utilisation of an outsourced distribution channel enables
manufacturers to focus on their core activities, incur reduced
costs associated with distribution, and benefit from localised
sales, marketing and distribution expertise that provides a more
effective and greater route to market for their products.
To maximize customer and market penetration, Headlam comprises
66 individual businesses in the UK and Continental Europe (France,
the Netherlands and Switzerland) each operating under their own
unique trade brand and utilising individual sales teams.
Headlam's extensive customer base, operating within both the
residential and commercial sectors and comprising principally
independent retailers and flooring contractors, receives the
broadest product offering supported by next day delivery as well as
additional marketing and other support.
Headlam's offering is enabled through its unrivalled operating
expertise, long-established supplier and customer relationships,
and comprehensive distribution network. Following years of
considerable investment, Headlam's distribution network currently
comprises four national distribution hubs, 19 regional distribution
centres and a supporting network of smaller warehouse premises,
trade counters, showrooms and specification centres.
In 2018, Headlam worked with 199 suppliers and fulfilled over
5.3 million customer orders.
www.headlam.com
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
ALSFSAFIDFUSEFE
(END) Dow Jones Newswires
December 03, 2019 10:22 ET (15:22 GMT)
Headlam (LSE:HEAD)
Historical Stock Chart
From Apr 2024 to May 2024
Headlam (LSE:HEAD)
Historical Stock Chart
From May 2023 to May 2024