REG - SigmaRoc PLC - Completion of acquisition of UK Lime operations

SigmarocAnnouncement

27/03/2024 07:00

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RNS Number : 4835I  SigmaRoc PLC  27 March 2024

27 March 2024

 

(EPIC: SRC / Market: AIM / Sector: Construction Materials)

 

SIGMAROC PLC

 ('SigmaRoc', the 'Group' or the 'Company')

 

Completion of acquisition of CRH's UK Lime operations

 

SigmaRoc, the Northern European quoted lime and limestone group, is pleased to
announce that, further to its announcement on 4 March 2024, it has today
completed the acquisition of the UK lime operations of CRH plc (the 'UK
Target')  for a total consideration of €155 million (approximately £133
million).

The UK Target comprises CRH's UK lime operations, the leading producer of lime
products in the UK. Founded in 1891 and headquartered in Buxton, Derbyshire,
the business operates from sites in Tunstead and Hindlow, with a total of 5
permitted lime kilns. In the year ending 31 December 2022, the UK Target
generated revenue of €105.4 million and operating profit of €19.5 million.
The consideration payable for the UK Target will be satisfied by a draw down
under the New Facilities.

Defined terms used throughout this announcement have the meanings set out in
the admission document published by the Company on 23 November 2023 unless the
context requires otherwise.

Information on the Company is available on its website, www.sigmaroc.com.

 

 

For further information, please contact:

 

 SigmaRoc plc                               Tel: +44 (0) 207 002 1080

 Max Vermorken (Chief Executive Officer)

 Garth Palmer (Chief Financial Officer)     ir@sigmaroc.com (mailto:ir@sigmaroc.com)

 Tom Jenkins (Head of Investor Relations)

 Liberum Capital (Nomad and Co-Broker)      Tel: +44 (0) 203 100 2000

 Dru Danford / Ben Cryer / John More

 Deutsche Numis (Co-Broker)                 Tel: +44 (0) 207 260 1000

 Richard Thomas / Hannah Boros

 Peel Hunt (Co-Broker)                      Tel: +44 (0) 20 7418 8900

 Mike Bell / Ed Allsopp

 Walbrook PR Ltd (Public Relations)         Tel: +44 20 7933 8780 / sigmaroc@walbrookpr.com

 Tom Cooper / Nick Rome                     Mob: +44 7971 221972

 

About SigmaRoc plc:

SigmaRoc is a quoted lime and limestone group, targeting quarried materials
assets in the UK and Northern Europe.

Lime and limestone are key resources in the transition to a more sustainable
economy. New applications for lime and limestone products as part of a drive
for sustainability include the production and recycling of lithium batteries,
the decarbonisation of construction including through substitution of
cementitious material and new building materials, and environmental
applications including lake liming, air pollution and direct air capture.

SigmaRoc seeks to create value by purchasing assets in fragmented materials
markets and extracting efficiencies through active management and by forming
the assets into larger groups. It seeks to de- risk its investments through
the selection of projects with strong asset backing.

 

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