REG - MHA PLC - BTSEE Completion Payments

MHAAnnouncement

Tue 14:45

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RNS Number : 3426D  MHA PLC  14 October 2025

 

14 October 2025

 

MHA plc

("MHA", the "Company" and together with its subsidiaries the "Group")

 

BTSEE Completion Payments

Issue of Equity & Total Voting Rights

 

MHA (AIM: MHA), a leading professional services provider of audit and
assurance, tax, accountancy and advisory services announces the issue of
2,832,081 new ordinary shares of 1p each in the Company ("Ordinary Shares") to
satisfy completion payments due to the vendors of Baker Tilly South-East
Europe Holdings Limited ("BTSEE"), of which 1,875,911 are to be contributed by
the vendors to the Company's employee benefit trust ("EBT").

 

The Company announced the completion of the acquisition of BTSEE on 11 August
and confirmed payment of 90% of the initial consideration in a mix of cash and
Ordinary Shares, noting that a balancing payment would be made to the vendors
based on completion accounts, which are now finalised.

 

The final payments comprise approximately €0.48m in cash, 956,170 new
Ordinary Shares issued directly to the vendors as well as 1,875,911 new
Ordinary Shares issued to the EBT, the latter representing the vendors' EBT
contribution payment.

 

Application has been made for 2,832,081 new ordinary shares to be admitted to
trading on AIM on 15 October 2025 ("Admission"). Following Admission, the
Company will have 284,905,914 ordinary shares of 1p each in issue. The Company
holds no shares in Treasury. The total voting rights in the Company following
Admission will therefore be 284,905,914. This figure may be used by
shareholders as the denominator for the calculations by which they will
determine if they are required to notify their interest in, or a change to
their interest in, the Company under the FCA's Disclosure Guidance and
Transparency Rules.

 

Following Admission the EBT will hold 27,875,911 Ordinary Shares, representing
approximately 9.78% of the Company's enlarged issued share capital.

 

Further detail on BTSEE is set out in the Company's announcements dated 7 May
and 11 August 2025.

 

 

Contacts:

 

 MHA                                                                 www.mha.co.uk (http://www.mha.co.uk/)
 Rakesh Shaunak, Chief Executive Officer                             via Alma
 Steven Moore, Chief Financial Officer

 Cavendish Capital Markets Limited (Nominated Adviser & Broker)
 Stephen Keys, Callum Davidson, Katy Birkin (Corporate Finance)      +44 (0)20 7220 0500

 Michael Johnson (Sales)
 Tim Redfern, Sunila de Silva (ECM)

 Alma Strategic Communications                                       mha@almastrategic.com (mailto:mha@almastrategic.com)
 Andrew Jaques, Josh Royston, David Ison, Sarah Peters               +44 (0)20 3405 0205

 

 

About MHA

 

Founded in 1869, MHA is a leading professional services provider of audit and
assurance, tax, accountancy and advisory services, based in the UK with an
international presence.

 

Following the acquisition of Baker Tilly South East Europe on 10 August 2025,
MHA now employs more than 2,300 people and has 153 Partners across its network
of 30 offices, in the UK, Ireland, South East Europe and the Cayman Islands.

 

MHA is the representative of the Baker Tilly International ("BTI") Network in
the UK. Ireland, Cyprus, Greece, Romania, Bulgaria and Moldova.

 

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