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Drilling muds manufacturer - Medserv Energy
Medserv announces strategic transaction with Regis Group

The Medserv Board of Directors have today announced that the Company has entered into an agreement with Regis Holdings Limited to bring the two entities together through a share for share exchange. Subject to all the required approvals, the new company shall be known as MedservRegis and will continue to be listed on the Malta Stock Exchange.

The transaction with Regis is expected to provide Medserv with market entry into critical growing markets and to strengthen Medserv’s equity base and liquidity position.

Regis provides logistics, equipment, procurement and specialised services to a wide range of customers, including national and international oil companies, oilfield services, drilling and mining companies as well as product and equipment manufacturers and other heavy industry-related contractors in South Africa, Mozambique, Uganda, Tanzania, and Angola, a critical growth region for Medserv.

The global reach of the new Group, MedservRegis, will span across four continents, present in twelve countries and operating from ten bases. This consolidation of two similar groups operating in two different geographical markets will strengthen the new Group’s market position and broaden its geographic footprint in strategic locations around the Mediterranean region, Middle East, Sub-Sahara Africa and South America. The synergies created by this transaction will not only present a stronger financed new company capable of meeting the investments required to match the growth expectations but also allow the Company continue to deliver value. “The creation of MedservRegis is a strong response to the business environment which increasingly demands a new operating model of better collaboration across the supply chain to provide fully integrated solutions and increased value add.” said Anthony Diacono, Chairman Medserv plc.

The transaction is still subject to completion, including all required regulatory and shareholder approvals which include approval by the shareholders of Medserv plc, delisting of Regis from the Mauritius Stock Exchange and the transfer out of the Regis Group of the 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.

The Company shall, in due course, issue a notice to shareholders for the purpose of convening a general meeting to approve the transaction. In anticipation of the said meeting, the Company shall also issue a circular to shareholders including all information necessary in terms of the Listing Rules. 

A regional leader in offshore logistics services for Oil and Gas, the Group is present in 12 countries across 4 continents. With over 45 years of experience in the oil and gas industry, we provide services to some of the largest leading oil and gas companies and National and International Oil Corporations. Links Follow us: