METC Metic Grp

 
TIDMMETC 
 
 

  Statement re Share Speculation 

  Dublin, Ireland & London, UK | 05 June, 2009: Metic Group plc (AIM:METC), ('Metic' or 'the Company'), the building systems and products group, today issued the following statement in response to speculation. 

  "It has come to our attention that certain parties are claiming that they have between 10 - 15 % of the market capital available for sale. The Directors have done a full review of there share register and would like to announce the following. 

 
 
    -- The total amount of shares in issue totals 58,321,842. 
 
    -- The sum of 55,378,279 shares are the subject of lock in agreements 

       and remain so until December 2009. Furthermore 40,892,880 are charged 


       to Bank of Ireland and remain so for the foreseeable future. 

 
    -- The remaining 2,943,563, which represents 5 % of the issued share 

       capital, were issued to in excess of 20 investors. 

  The purpose of this announcement is to clarify the company position and to give clarity for the purposes of an orderly market. The Directors are at odds as to how, or whom is making the assertion that a large volume of shares is available." 

  Philip Marley, Non-Executive chairman. 

  About Metic Group plc 

  Metic Group plc is a Dublin headquartered building systems and products group. With primary operations in the UK and overseas, 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 has ambitious growth plans in order 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. 

  Contacts 

 
K Capital Source              Jonathan Neilan  T: +353 1 663 3686 
Investors, Analysts & Media 
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Old Park Lane Capital PLC     Forbes Cutler    T: +44 20 749 38188 
Joint Broker 
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Seymour Pierce                John Depasquale  T : +44 20 7107 8000 
Nomad and Joint Broker 
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