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Regis Head Office | Mauritius
Tel: +(230) 483 4700
Email: admin@regis.co.za

REGIS HOLDINGS LTD ANNOUNCES STRATEGIC TRANSACTION WITH MEDSERV plc  »

14th April 2021

On 12 April 2021, Regis Holdings Ltd entered into an agreement with Medserv plc to bring the two entities together through a share-for-share exchange. Subject to the required regulatory approvals, the new company shall be known as MedservRegis and will be listed on the Malta Stock Exchange.

For Regis, the transaction with Medserv is expected to facilitate entry into a wider number of growing markets and so strengthen its growth prospects. 

The Medserv Group of companies provides integrated shore base logistics to the offshore oil and gas industry as well as engineering and supply chain management for Oil Country Tubular Goods (OCTG) to support the offshore and onshore oil and gas industry. Shore Base Logistics are centred on the Group’s bases in the Mediterranean region including Malta, Cyprus and Egypt, providing support to national and international oil companies in their offshore exploration, development and production activities. Engineering and supply chain management for OCTG is delivered through the Middle East Tubular Services Group of Companies (METS), from their bases in the UAE, Iraq and Oman.

The global reach of the new Group, MedservRegis, will span four continents, with an on-the-ground presence in twelve countries and ten operations bases. This consolidation of two complementary groups operating in hitherto different geographical markets will strengthen the new Group’s market position and broaden its geographic footprint in strategic locations around the Mediterranean, Middle East, Sub-Saharan Africa and South America. The synergies created by this transaction will result in a Group that is ideally positioned financially to meet the future investment requirements necessary to realise its ambitious growth targets, and consistently deliver the value that shareholders of both Regis and MedServe have grown to expect.

The transaction is still subject to completion, including all required regulatory and shareholder approvals which include approval by the shareholders of Medserv, delisting of Regis from the Mauritius Stock Exchange, and the transfer out of the Regis Group of its non-core businesses. Subject to the satisfaction of all conditions, completion of the transaction is expected to take place by the end of June 2021.

For any enquiries about the MedservRegis transaction, please contact Rob on rob.bennett@regis.mu or +230 483 4700.