Brief: Wilmington Sells Mortality Data Business For Enterprise Value Of 9.6 Mln Pounds

Wilmington

01/02/2024 07:48

Feb 1 (Reuters) - Wilmington PLC  WIL.L :
    * WILMINGTON PLC - SOLD ITS MORTALITY DATA BUSINESS,
MIEXACT, FOR
AN ENTERPRISE VALUE OF £9.6 MILLION
    * WILMINGTON PLC - BUSINESS WILL CONTINUE TO BE RUN BY
EXISTING
MANAGEMENT TEAM
    * WILMINGTON PLC - CONSIDERATION CONSISTS OF £6.6 MILLION OF
CASH
ON COMPLETION AND £3 MILLION OF LOAN NOTES WITH A 7% COUPON,
DEFERRED FOR UP TO THREE YEARS

Source text for Eikon:  ID:nRSA6153Ba 
Further company coverage:  WIL.L 

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