SRC completes acquisition of Ronez

SigmaRoc completed the acquisition of Ronez, a wholly owned subsidiary of Aggregate Industries and part of the LafargeHolcim Group, for £45m.

The acquisition constituted a reverse takeover of the company.

SigmaRoc also undertook a share consolidation, where every 104 shares were consolidated into one share, worth 40p (based on the price per share prior to the suspension on 5 October 2016).

The existing shares were cancelled to trading on AIM and the new s hares were admitted to trading on AIM at 8am.

The company raised approximately £50m before expenses via a shares placing.

Strand Hanson acted as the company's nominated adviser and Zeus Capital was broker to the placing.

The Company announced Zeus Capital was appointed joint broker today.

At 11:32am: (LON:SRC) Sigmaroc Plc share price was +44.12p at 44.5p