Posted on 20 Sep 2017

R T Warren Acquisition

The Company has announced today that it has entered into a conditional agreement to acquire the entire issued share capital of RT Warren. The consideration payable by the Company in cash for all of the issued shares of RT Warren is £53.3 million, subject to adjustment based on a cash free, debt free completion balance sheet. It is the Company’s current intention to retain the existing bank loan of approximately £14.5 million from Barclays to RT Warren.

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