FRP Advisory Group Plc (LON: FRP) has acquired JDC Group, a company based in the Eastern region and which holds the operating businesses of JDC Corporate Finance and Walton Dodge Forensic.
- The consideration of the acquisition is £5.3 million, which includes cash, founder deferred consideration and the issue of new ordinary shares
- Additionally, there will be a further payment contingent on the net assets of the JDC Group at the completion of the transaction.
- On 16 September 2020, at the time of writing, GMT 14:32 PM, FRP shares were trading at GBX 121.50, up by 2.00 points or 1.67% against the previous day closing price.
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