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IN BRIEF: SigmaRoc calls December 11 vote on CRH asset purchase

23rd Nov 2023 13:16

SigmaRoc PLC - London-based buy-and-build specialist targeting construction materials assets - Shares resume trading on AIM in London on Thursday after SigmaRoc raises GBP200 million in equity to help buy assets from Dublin-based building materials firm CRH PLC. Trading had been suspended on Wednesday, as the EUR1 billion purchase of CRH assets, including in Germany, Czech Republic and Ireland, constitutes a reverse takeover. SigmaRoc on Thursday calls a general meeting for December 11 so that shareholders can vote on the acquisition and share issue.

Current stock price: 46.79 pence, down 6.8%, for GBP324.6 million market capitalisation

12-month change: down 5.7%

By Tom Waite, Alliance News editor

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Copyright 2023 Alliance News Ltd. All Rights Reserved.

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