Mortice Limited Completion of Share Buy Back (7143E)
July 08 2019 - 1:00AM
UK Regulatory
TIDMMORT
RNS Number : 7143E
Mortice Limited
08 July 2019
Mortice Limited
("Mortice" or the "Company")
Completion of share buy back
Mortice Limited (AIM: MORT), the AIM listed security and
facilities management company, announces that, further to the
announcement on 29 April 2019, the Company has completed the
buy-back of 1,458,333 ordinary shares of no par value ("Ordinary
Shares") for GBP 1.20 each from Gerard McGrath and Kathleen
McGrath, the vendors of Elite Cleaning & Environmental Services
Ltd (the "Buy Back").
These Ordinary Shares have been cancelled with immediate effect.
The Company advises that, following the Buy Back and cancellation,
the total issued share capital of the Company is 50,864,707. No
Ordinary Shares are held in Treasury. The above figure of
50,864,707 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.
Mortice Limited www.tenonworld.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 Limited 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 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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