Metic Group Completes AIM Listing

DUBLIN, Ireland & SOMERSET, England--(BUSINESS WIRE)--Metic Group plc (‘Metic’ or the ‘Group’), the Dublin based building systems and products group, is pleased to announce that the Group’s Ordinary Shares have today been admitted to trading on the AIM market of the London Stock Exchange (“AIM”).

Overview

• Metic specialises in the design, engineering and construction of architectural glass within the architectural roof glazing and glass façade industries.
• At the Admission Price, Metic’s market capitalisation will be approximately £15.7 million (c. €17m).
• The Group is involved in projects in both the public sector (hospitals, universities, colleges and schools) and the private sector (offices, shopping centres and arenas).
• Customers in the private sector include Hammerson, Land securities and British Land.
• The Group has contracted projects due for delivery over the next 18 months of £40 million.
• A growing proportion of the Group’s revenues are derived from overseas, particularly from petro economies such as the Middle East and Trinidad.

The total number of Ordinary Shares in issue following Admission is 55,378,284 which gives Metic a market capitalisation of approximately £15.7 million (c. €17 m) at the Admission Price of 28.5 pence per share.

Arbuthnot Securities Limited is acting as the Group’s Nominated Adviser and Broker.

Commenting on the Group’s Admission, Stephen Field, Chief Executive of Metic Group, said “We are delighted to announce our public market listing on AIM today. Metic Group has a strong business model and is well funded. Our objective, in listing, is to raise our visibility and awareness of the business we have built and our position as a leading building systems and products group in Ireland and the UK.”

Non-executive Chairman, Philip Marley, added. “We have, in a short time, built the leading buildings systems business, in Ireland and the UK, in its chosen business sector. We are now focused on accelerating growth internationally. Our AIM listing provides us access to international capital markets which will provide additional support as we increase the scale and scope of our business."

About Metic Group plc

Metic Group plc is a Dublin headquartered building systems and products group. With primary operations in the UK, Metic specifically focuses on the architectural structures, glazing and building facade markets – sectors in which it is the leader in Ireland and the UK. The Group was formed in 2008 and comprises three premier brands in its chosen sectors: Melayway, Spacedecks and Portal Glazing Systems.

Metic Group in focused on continuing to grow aggressively to create a leading European building systems and products group, with a primary focus on architectural glass structures & buildings, through the acquisition of a series of complementary, highly skilled specialist businesses. Metic has assembled a highly skilled and proven management team with extensive industry experience both geographically and by industry sector, to deliver on its growth objectives.

Metic Group plc is listed on London’s AIM market under the symbol METC.L. See www.meticgroupplc.com