Origin Enterprises Plc Acquisition of Neo Environmental Limited (8559U)
31 March 2023 - 5:00PM
UK Regulatory
TIDMOGN
RNS Number : 8559U
Origin Enterprises Plc
31 March 2023
Origin Enterprises acquires Neo Environmental
Market-leading planning, environmental and technical consultancy
business in the UK & Ireland
Dublin, London, 31 March 2023: Origin Enterprises plc ('Origin'
or 'the Group'), the international Agronomy-Services group,
providing specialist advice, inputs and digital solutions to
promote sustainable land use, is pleased to announce the
acquisition of Neo Environmental Limited ('Neo'). Neo is a
multi-disciplinary consultancy business that provides
market-leading planning, environmental and technical advice to a
range of clients, primarily in the energy and infrastructure
sectors across the UK & Ireland.
Origin Chief Executive Officer, Sean Coyle, said : "The
acquisition of Neo Environmental aligns with our strategy to
broaden the Group's amenity, environmental and ecological portfolio
and enhances our ability to deliver on our ambition of promoting
sustainable land use.
In addition to clients in the energy and infrastructure sectors,
as subsidy regimes change, we expect farmers will continue to
assess alternative uses for less productive agricultural land. Neo,
in conjunction with our existing ecological specialist business
Keystone Environmental, will ensure we are positioned to provide an
enhanced range of consulting and advisory services. We are
delighted to welcome Neo to the Origin Group and look forward to
working with the team.
Following the completion of our EUR20 million share buyback
programme this week, which has seen a cumulative EUR60 million
returned to shareholders via share buybacks in the last two years,
we expect our near-term capital deployment will be focused on
further bolt-on acquisitions, strategic capex to drive organic
growth and our progressive dividend policy."
ENDS
Enquiries
Origin Enterprises plc
TJ Kelly
Chief Financial Officer Tel: +353 (0)1 563 4900
Brendan Corcoran
Head of Investor Relations and Group
Planning Tel: +353 (0)1 563 4900
Goodbody (Euronext Growth (Dublin)
Adviser)
Joe Gill Tel: +353 (0)1 641 9278
Davy (Nominated Adviser)
Anthony Farrell Tel: +353 (0)1 614 9993
Numis Securities (Stockbroker)
+44 (0)20 7260
Stuart Skinner Tel: 1314
FTI Consulting (Financial Communications
Advisers)
Jonathan Neilan / Patrick Berkery +353 (0)86 602
/ Jack White Tel: 5988
About N eo Environmental Limited
Neo Environmental Limited ('Neo') is a market-leading planning
and environmental consultancy business providing advice for
all development types across the UK and Ireland. Having advised
on over 800 projects to date, Neo has a strong industry track
record and has won multiple awards for work completed on over
4GW of renewable energy projects since the company's foundation
in 2012.
The Neo team consists of experienced and accredited planners,
engineers and multi-disciplinary environmental consultants,
ensuring it provides a full suite of in-house collaborative
services for projects. Neo successfully delivers projects,
whether small or complex, through a comprehensive understanding
of planning requirements, particularly in the renewable energy
industry.
For more information, please visit: https://www.neo-environmental.co.uk/
About Origin Enterprises plc
Origin Enterprises plc is an international Agronomy-Services
group, providing specialist advice, inputs and digital solutions to
promote sustainable land use. The Group has leading market
positions in Ireland, the United Kingdom, Brazil, Poland, Romania
and Ukraine. Origin's ordinary shares are listed on the Euronext
Growth (Dublin) market of Euronext Dublin and the AIM market of the
London Stock Exchange.
Euronext Growth (Dublin) ticker symbol: OIZ
AIM ticker symbol: OGN
Website: www.originenterprises.com
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END
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