Result of Placing
Amcomri Group plc has successfully completed an oversubscribed placing of 7,407,407 ordinary shares at 135 pence per share, raising capital on behalf of selling shareholders including key management and investment vehicles. Following this transaction, the selling shareholders have agreed to a 12-month lock-in period, restricting further disposals of their remaining shares.
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Amcomri Group plc (AIM: AMCO), the 'Buy, Improve, Build' UK and Ireland focused, specialist engineering services and industrial manufacturing group, announces that further to the announcement made earlier today regarding a Placing of existing Ordinary Shares via an accelerated bookbuild (the "Launch Announcement"), the oversubscribed Placing has now closed with a total of 7,407,407 Placing Shares sold on behalf of the Selling Shareholders at a price of 135 pence per Ordinary Share.
Details of the Placing Shares sold are as follows:
| Selling Shareholder | Description | Existing Ordinary Shares held | Placing Shares sold | Resultant Shareholding | Percentage of Existing Ordinary Shares |
|---|---|---|---|---|---|
| Stephill Investments Limited | Investment vehicle of Hugh Whitcomb, Chief Executive Officer & Co-Founder | 4,636,976 | 1,159,244 | 3,477,732 | 4.83% |
| Mark O'Neill | Chief Operating Officer | 1,869,778 | 560,933 | 1,308,845 | 1.82% |
| Amcomri Holdings Limited | Investment vehicle of Paul McGowan (1) , Deputy Chairman & Co-Founder | 20,233,470 | 2,614,774 | 17,618,696 | 24.48% |
| Paul McGowan (1) (2) | Deputy Chairman & Co-Founder | 3,835,524 | 1,818,182 | 2,017,342 | 2.80% |
| HFO, Inc | Investment vehicle of Jeffrey Hecktman, significant shareholder | 9,406,864 | 1,254,274 | 8,152,590 | 11.33% |
Notes:
- Following the sale of the Placing Shares, Paul McGowan remains beneficially interested in a total of 23,454,220 Ordinary Shares, representing 32.58% of the Company's issued share capital including 17,618,696 Ordinary Shares held through his private investment company, Amcomri Holdings Limited (not part of Amcomri Group Plc), 3,818,182 Ordinary Shares held through its wholly owned subsidiary, Oranmore Limited and 2,017,342 Ordinary Shares held in his own name.
- The Ordinary Shares held by Oranmore Limited were issued pursuant to a debt for equity swap agreement on IPO at the IPO placing price. In addition, Paul McGowan invested £1 million in the Company's £12 million placing connected with the IPO.
Cavendish Capital Markets Limited ("Cavendish" or the "Bookrunner") acted as sole bookrunner in relation to the Placing.
Lock‑in arrangements
Following completion of the Placing, the Selling Shareholders have undertaken not sell, transfer or dispose of any Ordinary Shares held by them for 12 months. These restrictions are subject to certain customary exceptions including any sale or disposal with the prior consent of Cavendish.
| a) | Name | Amcomri Holdings Limited | |
| 2 | Reason for the notification | ||
| a) | Position/status | Investment vehicle of Paul McGowan, Deputy Chairman & Co-Founder | |
| b) | Initial notification/Amendment | Initial Notification | |
| a) | Name | Amcomri Group plc | |
| b) | LEI | 64887R4549E0TZ3ZZV74 | |
| a) | Description of the financial instrument, type of instrument | Ordinary shares of 1 pence each | |
| Identification code | GB00BMBWCV32 | ||
| b) | Nature of the transaction | Sale of Ordinary Shares | |
| c) | Price(s) and volumes(s) | Price(s) | Volume(s) |
| £1.35 | 2,614,774 | ||
| d) | Aggregated information | N/A single transaction | |
| Aggregated volume | N/A single transaction | ||
| Price | N/A single transaction | ||
| e) | Date of the transaction | 22 July 2026 | |
| f) | Place of the transaction | XOFF | |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||
| a) | Name | Paul McGowan | |
| 2 | Reason for the notification | ||
| a) | Position/status | Deputy Chairman & Co-Founder | |
| b) | Initial notification/Amendment | Initial Notification | |
| a) | Name | Amcomri Group plc | |
| b) | LEI | 64887R4549E0TZ3ZZV74 | |
| a) | Description of the financial instrument, type of instrument | Ordinary shares of 1 pence each | |
| Identification code | GB00BMBWCV32 | ||
| b) | Nature of the transaction | Sale of Ordinary Shares | |
| c) | Price(s) and volumes(s) | Price(s) | Volume(s) |
| £1.35 | 1,818,182 | ||
| d) | Aggregated information | N/A single transaction | |
| Aggregated volume | N/A single transaction | ||
| Price | N/A single transaction | ||
| e) | Date of the transaction | 22 July 2026 | |
| f) | Place of the transaction | XOFF | |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||
| a) | Name | Stephill Investments Limited | |
| 2 | Reason for the notification | ||
| a) | Position/status | Investment vehicle of Hugh Whitcomb, Chief Executive Officer | |
| b) | Initial notification/Amendment | Initial Notification | |
| a) | Name | Amcomri Group plc | |
| b) | LEI | 64887R4549E0TZ3ZZV74 | |
| a) | Description of the financial instrument, type of instrument | Ordinary shares of 1 pence each | |
| Identification code | GB00BMBWCV32 | ||
| b) | Nature of the transaction | Sale of Ordinary Shares | |
| c) | Price(s) and volumes(s) | Price(s) | Volume(s) |
| £1.35 | 1,159,244 | ||
| d) | Aggregated information | N/A single transaction | |
| Aggregated volume | N/A single transaction | ||
| Price | N/A single transaction | ||
| e) | Date of the transaction | 22 July 2026 | |
| f) | Place of the transaction | XOFF | |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||
| a) | Name | Mark O'Neill | |
| 2 | Reason for the notification | ||
| a) | Position/status | Chief Operating Officer | |
| b) | Initial notification/Amendment | Initial Notification | |
| a) | Name | Amcomri Group plc | |
| b) | LEI | 64887R4549E0TZ3ZZV74 | |
| a) | Description of the financial instrument, type of instrument | Ordinary shares of 1 pence each | |
| Identification code | GB00BMBWCV32 | ||
| b) | Nature of the transaction | Sale of Ordinary Shares | |
| c) | Price(s) and volumes(s) | Price(s) | Volume(s) |
| £1.35 | 560,933 | ||
| d) | Aggregated information | N/A single transaction | |
| Aggregated volume | N/A single transaction | ||
| Price | N/A single transaction | ||
| e) | Date of the transaction | 22 July 2026 | |
| f) | Place of the transaction | XOFF |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.