MORT Mortice Limited

TIDMMORT

RNS Number : 3153T

Mortice Limited

11 October 2017

Mortice Limited

("Mortice" or the "Company")

Completion of share buy back

Mortice Limited (AIM: MORT), the AIM listed security and facilities management company, announces that, further to the announcement on 06 September 2017, the Company has completed the buy-back of 2,333,100 ordinary shares of no par value ("Ordinary Shares") for GBP1 each from the vendors of the Office & General Group Limited (the "Buy Back").

These Ordinary Shares have been cancelled with immediate effect. The Company advises that, following the Buy Back and cancellation, the total issued share capital of the Company is 52,917,440. No Ordinary Shares are held in Treasury. The above figure of 52,917,440 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

 
 Mortice Limited                                               www.morticegroup.com 
 Manjit Rajain, Executive                                     Tel: +91 981 800 0011 
  Chairman 
 
 finnCap Ltd                                                     Tel: 020 7220 0500 
 Adrian Hargrave / Giles Rolls 
  / Alex Price (Corporate Finance) 
 Tony Quirke (Corporate 
  Broking) 
 
 Walbrook PR                           Tel: 020 7933 8780 or mortice@walbrookpr.com 
 Paul McManus/ Sam Allen                                 Mob: 07980 541 893 / 07884 
                                                                            664 686 
 
 

About Mortice Limited

Mortice (AIM: MORT), is an AIM listed security and facilities management company, incorporated in Singapore and based in India with additional operations in Singapore and the UK.

Mortice operates under two brands, in India:

-- Peregrine - provision of guarding and security services to a wide range of clients from blue-chip companies, smaller businesses, commercial and private properties, and individuals.

-- Tenon - provision of a full range of facilities management services to corporate occupiers, owners and developers of real estate. Clients include respected blue-chip and home-grown companies. Within the Tenon group of companies Mortice also offers security surveillance services through its subsidiary Soteria and mechanical and engineering services via Rotopower.

The business is growing and profitable and is focused on expanding its geographical footprint and growing through targeted acquisitions, as well as organically.

In 2015, the Company established Tenon UK and through this wholly owned subsidiary acquired UK based Office & General Group Limited, an independent property service company specialising in cleaning and providing support services such as environmental solutions and built fabric maintenance in the UK. In addition, the Company acquired a 51% majority stake in Singapore-based security company Frontline Security Pte. Ltd, and has an option to acquire an additional 25% within three years.

Learn more about Mortice through this video interview with Manjit Rajain, Executive Chairman of Mortice:

www.brrmedia.co.uk/broadcasts/57c94e8cd6c09fd74b0ae623/mortice-unlocking-potential

This information is provided by RNS

The company news service from the London Stock Exchange

END

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October 11, 2017 05:25 ET (09:25 GMT)

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