Brief: Brighton Pier Group Announces Acquisition Of Lightwater Valley Attractions

Brighton Pier

17/06/2021 12:02

June 17 (Reuters) - Brighton Pier Group PLC  PIER.L :
    * BRIGHTON PIER GROUP  - ACQUISITION OF LIGHTWATER VALLEY ATTRACTIONS
    * BRIGHTON PIER GROUP PLC - ACQUISITION WILL BE FUNDED FROM A £2 MILLION
EXTENSION
TO GROUP'S REVOLVING CREDIT FACILITY
    * BRIGHTON PIER GROUP PLC - TRANSACTION IS EXPECTED TO BE IMMEDIATELY
EARNINGS
ACCRETIVE POST COMPLETION.
    * BRIGHTON PIER GROUP PLC - TOTAL CONSIDERATION IS BEING SATISFIED BY AN
INITIAL
PAYMENT OF £4.0 MILLION IN CASH
    * BRIGHTON PIER GROUP PLC - BOARD ARE CONFIDENT THAT LIGHTWATER VALLEY'S
TRADING
WILL RESUME TO NORMALISED LEVELS IN SHORT TERM
    * BRIGHTON PIER GROUP PLC - PROPOSED DEAL FOR A CONSIDERATION OF UP TO £5
MILLION
PAYABLE IN CASH

Source text for Eikon:  ID:nRSQ2726Ca 
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