Brief: Kitwave Group Plc Announces Proposed Placing To Raise £31 Million

Kitwave

24/09/2024 18:40

Sept 24 (Reuters) - Kitwave Group PLC  KITW.L :
    * KITWAVE GROUP PLC - KITWAVE LIMITED HAS AGREED TO ACQUIRE
ENTIRE
ISSUED SHARE CAPITAL OF CREED CATERING SUPPLIES LIMITED FROM
SHAREHOLDERS OF CREED
    * KITWAVE GROUP PLC - INITIAL CONSIDERATION PAYABLE FOR
ACQUISITION IS £60.0 MILLION IN CASH
    * KITWAVE GROUP PLC -PROPOSED PLACING TO RAISE £31 MILLION
    * KITWAVE GROUP PLC -RETAIL OFFER OF UP TO £0.5 MILLION

Source text for Eikon:  ID:nRSX4930Fa 
Further company coverage:  KITW.L 

 ((Reuters.Briefs@thomsonreuters.com;))