Inspiration Healthcare Group Plc (LON: IHC) has informed about the proposed acquisition of S.L.E. Limited and the proposed placing & subscription to raise £16.5 million.
- The company has entered into a conditional agreement to acquire the entire issued share capital of S.L.E. Limited.
- The consideration of the acquisition is £18.0 million on a cash-free debt-free basis, and it is anticipated to be earnings enhancing in short to medium term.
- The company, by way of a Placing and Subscription to certain institutional and other investors has conditionally raised £16.5 million (before expenses).
- On 19th June 2020, at the time of writing, GMT 08:50 AM, IHC shares were trading at GBX 69.00, up by 3.00 points or 4.55% against the previous day closing price.