Admission of New Shares

RNS Number : 6237L
HSS Hire Group PLC
14 January 2021
 

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN, INTO OR FROM AUSTRALIA, CANADA, JAPAN, THE UNITED STATES  OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD BREACH ANY APPLICABLE LAW OR REGULATION.

FURTHER, THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND IS NOT AN OFFER OF SECURITIES IN ANY JURISDICTION.

14 January 2021

HSS Hire Group plc

("HSS Hire" or the "Company")

 

Admission of New Shares

HSS Hire is pleased to announce the admission of the Company's ordinary shares of 1 pence each (" Ordinary Shares ") to trading on AIM will take place at 8.00 a.m. today.  Simultaneously, the admission of the Ordinary Shares to trading on the Main Market of London Stock Exchange plc and to the premium listing segment of the Official List will be cancelled. The Ordinary Shares will continue to trade under the TIDM "HSS". This follows the Company's announcement on 16 November 2020 and the General Meeting held on 4 December 2020.

Alan Peterson OBE, Chairman, commented today:

"The Company has recently restructured its operating model to accelerate its digital strategy and I am delighted to say is performing well, delivering trading revenues in Q4 2020 at 94% of 2019 levels, with December at 97%, and maintaining strong liquidity headroom in excess of £100m at the financial year end.  This strategy acceleration supports the Company's ambitions of providing the most advanced, customer-centric offering in the UK asset rental marketplace with admission to AIM enabling greater flexibility as we continue to implement change and drive profitable growth."

Company information (as required by AIM Rule 26) can be found at www.hsshiregroup.com.

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


Greig Thomas, Head of Group Finance




Numis Securities, Nominated Adviser and Broker

Stuart Skinner

George Price

George Shiel

Tel: 020 7260 1000



Teneo, Financial PR

Tel: 07557 491860/ 07703 330269

Tom Davies/ Charles Armitstead




The person responsible for releasing this announcement is Daniel Joll, Company Secretary.

HSS Hire Group plc LEI: 2138004DGL1J6VQO6S92

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
ALSDKNBKKBKBDDD
UK 100

Latest directors dealings