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Half-year profits soar 279% at RBG

Half-year profits soar 279% at RBG
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Investegate |RBG Holdings PLC Announcements | RBG Holdings PLC: Completion of acquisition


 
RBG Holdings plc (AIM: RBGP), the professional services group, is pleased to confirm that, further to the announcement of 20 April 2021, the Group has today completed the acquisition of the business of Memery Crystal LLP ( Memery Crystal ), having received regulatory approval ( Completion ).
 
As previously announced, RBG has agreed to acquire Memery Crystal for total consideration of £30.0 million
 comprising £12 million in cash and £11.2 million in RBG shares due on Completion, together with a further, £6.8 million in cash deferred over two payments on the sixth and 12-month anniversary of completion ( Consideration ).
 
In order to satisfy the portion of the Consideration due in RBG shares, the Company will issue 9,739,130 new ordinary shares of 0.2 pence each ( Consideration Shares ), representing a deemed price per Consideration Share of £1.15 pence (being the volume weighted average mid-market pric ....

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