14th Jan 2014 08:45
14 January 2014
REGENERSIS PLC
DIRECTOR/PDMR SHAREHOLDING
Regenersis Plc ("Regenersis" the "Company" or the "Group"), a strategic outsourcing partner to many of the world's leading consumer technology companies, has received notification that Hanover Investors has on 14 January 2014 sold 5,848,486 ordinary shares in the Company at a price of 300p per share.
Hanover Investors has placed shares amounting to 11.75% of the Company to major institutional investors which will broaden the Group's shareholder base in anticipation of further growth.
Following this, Hanover Investors and its connected parties are interested in 4,978,151 shares (representing 10.0% of the issued share capital). Matthew Peacock and Tom Russell, both executive directors of the Company, have an indirect beneficial interest in the shares held by Hanover Investors through their association with Hanover Investors.
Matthew Peacock, Executive Chairman said. "Having placed a portion of Hanover's shareholding today and fulfilled my responsibilities to outside investors in that regard, it leaves me free to commit to continue to lead the Company during this next exciting stage of growth."
Enquiries:
Regenersis PlcMatthew Peacock, Executive ChairmanJog Dhody, Chief Financial Officer | +44 (0) 20 3657 7000 |
Panmure Gordon (UK) Limited (Nomad and Joint Broker)Dominic Morley / Nicola Marrin, Corporate FinanceCharles Leigh Pemberton, Corporate Broking | +44 (0) 20 7886 2500 |
Cenkos Securities (Joint Broker)Stephen Keys, Corporate FinanceAlex Aylen, Sales | +44 (0) 20 7397 8900 |
Tavistock CommunicationsCatriona Valentine / Matt Ridsdale / Keeley Clarke | +44 (0) 20 7920 3150 |
About Regenersis
With its core business in repairing consumer electronics, Regenersis helps companies like HTC, Nokia, Samsung, Orange, John Lewis, LG, Toshiba and others deliver the best possible after market service to its customers. Through the provision of technical call centres or managing returns and repairs, the company supports a wide range of products including mobile phones, laptops and tablets, set top boxes, televisions and other electronic equipment. Regenersis also operates in the business-to-business environment where it offers high quality and secure repair and refurbishment solutions for chip and pin devices, ATMs and even MRI scanners.
Building upon its success in repair, the company is already proving its pioneering range of services known as Advanced Solutions, which include in-field testing, where Regenersis is partnering with cable operators across the world to diagnose set-top box faults in the home, reducing unnecessary returns. The newly formed Renew business unit comprises Digital Care, which provides extended warranty and insurance services to end customers; Refurbishment, which provides legitimate, quality refurbished components and devices to the end customer; and Recommerce, which offers client led refurbishment, repair and onward disposition of devices.
www.regenersis.com
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