Investegate |Catena Group PLC Announcements | Catena Group PLC: Director/PDMR Shareholding
Investegate announcements from Catena Group PLC, Director/PDMR Shareholding
Source: investegate.co.uk
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Catena Group PLC proposes acquisition of data science firm Insight, placing to raise £6.1mln
The consideration of £27.9mln will be paid in cash and shares Catena Group PLC (LON:CTNA) announced it signed a conditional agreement to acquire Insight, a data science and machine learning solutions company, for £27.9mln. It will be paid by issuing 45.3mln shares at 59p each and a potential cash consideration of up to £1.5mln. The AIM-listed holding company, which focuses on acquiring and growing businesses operating in high performing industries, already owns 9.1% of Insight. The acquisition constitutes a reverse takeover so it will require the approval of shareholders, with a general me...
Source: proactiveinvestors.co.uk