REG - HSS Hire Group PLC - Issue of new shares to HPS Investment Partners

HSS HireAnnouncement

17/12/2021 11:05

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RNS Number : 0552W  HSS Hire Group PLC  17 December 2021

17 December 2021

HSS Hire Group plc

("HSS Hire" or the "Company")

 

Issue of new shares to HPS Investment Partners

HSS today announces that it has issued 8,510,300 new ordinary shares in the
Company (the "Shares") to HPS Investment Partners(1) pursuant to the exercise
of share warrants, at a price of £0.01 per share. The share warrants were
granted to HPS Investment Partners on 20 June 2018 in connection with its
provision of a £220m term loan facility to the Company and became exercisable
on prepayment thereof, following the Company's refinancing as announced on 10
November 2021.

 

The Shares were allotted pursuant to the Company's existing general authority
to allot on a non-pre-emptive basis. Admission of the Shares to trading on AIM
is expected to take place on or around 22 December 2021.

 

As at 17 December 2021 the Company's issued share capital consists of
704,987,954 ordinary shares of one pence each. The Company does not hold any
shares in treasury. The total number of voting rights in the Company as at 17
December 2021 is therefore 704,987,954. This figure may be used by
shareholders as the denominator for the calculations by which they determine
if they are required to notify their interest in, or a change in their
interest in, the Company under the Disclosure Guidance and Transparency Rules
of the Financial Conduct Authority.

 

(1 )Certain funds and/or accounts, or subsidiaries of such funds and/or
accounts, managed, advised or controlled by HPS Investment Partners, LLC or a
subsidiary/affiliate thereof.

 

For further information, please contact:

 

 HSS Hire Group plc                      Tel: 020 3757 9248
 Steve Ashmore, Chief Executive Officer  Please email: investors@hsshire.com
 Paul Quested, Chief Financial Officer

 Numis Securities                        Tel: 020 7260 1000
 Stuart Skinner
 George Price
 George Shiel

 

 

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