REG - Hill & Smith Hldgs. - Completion of the sale of France Galva SA

Hill & SmithAnnouncement

05/10/2022 09:31

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RNS Number : 7593B  Hill & Smith Holdings PLC  04 October 2022

4 October 2022

 

Hill & Smith Holdings PLC

Completion of the sale of France Galva SA

 

 

Hill & Smith Holdings PLC is pleased to announce that the sale of France
Galva SA to a consortium comprising ZINQ France SAS and Sofigalva SAS
completed on 4 October 2022.

 

 

ENDS

 

For further information, please contact:

Hill & Smith Holdings PLC                                                                                                Tel:  +44 (0)121 704 7434

Alan Giddins, Executive
Chair
 

Hannah Nichols, Chief Financial Officer

MHP Communications                                                                                                       Tel:  +44 (0)20 3128 8613

Andrew Jaques

Rachel Farrington

Catherine Chapman

 
 

Rothschild & Co (Financial Adviser and Sponsor to Hill & Smith)
                  Tel:  +44 (0)20 7280 5000

Alistair Allen

 

 

 

 

Notes to Editors

Hill & Smith Holdings PLC creates sustainable infrastructure and safe
transport through innovation. The Group employs c. 3,700 people worldwide with
the majority employed by its autonomous, agile, customer focussed operating
businesses based in the UK, USA, Australia, India and Sweden. The Group office
is in the UK and it is quoted on the London Stock Exchange (LSE: HILS.L).

 

The Group's operating businesses are organised into three main business
divisions:

 

Galvanizing Services: dramatically increasing the sustainability and
maintenance free life of steel products including structural steel work,
lighting, bridges, agricultural and other products for the industrial and
infrastructure markets.

Engineered Solutions: supplying engineered steel and composite solutions with
low embodied energy for a wide range of infrastructure markets including
energy generation and distribution, marine, rail and housing. The division
also supplies engineered pipe supports for the water, power and liquid natural
gas markets and seismic protection solutions.

Roads & Security: supplying products and services to support road and
highway infrastructure including temporary and permanent road safety barriers,
renewable energy lighting and power solutions, Intelligent Traffic Solutions,
street lighting columns and bridge parapets. The security portfolio includes
hostile vehicle mitigation solutions, high security fencing and automated gate
solutions.

 

 

Forward-Looking Statements

This announcement, oral statements made regarding the Disposal, and other
information published in connection with the Disposal contain statements which
are, or may be deemed to be, "forward-looking statements". Forward-looking
statements are prospective in nature and are not based on historical facts,
but rather on current expectations and projections about future events and are
therefore subject to risks and uncertainties which could cause actual results
to differ materially from the future results expressed or implied by the
forward-looking statements. Often, but not always, forward-looking statements
can be identified by the use of forward-looking words such as "plans", "is
expected", "estimates", "forecasts", "believes", or variations of such words
and phrases or statements that certain actions, events or results "may",
"could", "should", "would", or "will" be taken, occur or be achieved.

Although Hill & Smith believes that the expectations reflected in such
forward-looking statements are reasonable, Hill & Smith can give no
assurance that such expectations will prove to be correct. There are a number
of factors that could cause actual results and developments to differ
materially from those expressed or implied by such forward-looking statements.
These factors include factors such as future market conditions, currency
fluctuations, the behaviour of other market participants, the actions of
regulators and other factors such as changes in the political, social and
regulatory framework in which Hill & Smith operates or in economic or
technological trends or conditions. Other unknown or unpredictable factors
could cause actual results to differ materially from those in the
forward-looking statements. Such forward-looking statements should therefore
be construed in the light of such factors.

None of Hill & Smith or any of its associates, directors, officers or
advisers provides any representation, assurance or guarantee that the
occurrence of the events expressed or implied in any forward-looking
statements in this announcement will actually occur. You are cautioned not to
place undue reliance on these forward-looking statements. Other than in
accordance with their legal or regulatory obligations (including under the
Listing Rules and the Disclosure Guidance and Transparency Rules of the FCA,
and the Market Abuse Regulation), Hill & Smith is under no obligation, and
Hill & Smith expressly disclaims any intention or obligation, to update or
revise publicly any forward-looking statements, whether as a result of new
information, future events or otherwise.

Important information relating to the financial adviser and sponsor

N.M. Rothschild & Sons Limited ("Rothschild & Co"), which is
authorised and regulated by the Financial Conduct Authority in the United
Kingdom, is acting exclusively for Hill & Smith and no one else in
connection with the matters described in this announcement and will not be
responsible to anyone other than Hill & Smith for providing the
protections afforded to clients of Rothschild & Co nor for providing
advice in connection with any matter referred to herein. Neither Rothschild
& Co nor any of its affiliates (nor their respective directors, officers,
employees or agents) owes or accepts any duty, liability or responsibility
whatsoever (whether direct or indirect, whether in contract, in tort, under
statute or otherwise) to any person who is not a client of Rothschild & Co
in connection with this announcement, any statement contained herein or
otherwise.

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