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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Marlowe Plc | LSE:MRL | London | Ordinary Share | GB00BD8SLV43 | ORD 50P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 2.00 | 0.39% | 512.00 | 510.00 | 514.00 | 512.00 | 511.00 | 512.00 | 2,793 | 08:00:27 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Investors, Nec | 465.7M | -3.8M | -0.0393 | -130.28 | 495.49M |
From Apr 2019 to Apr 2024
TIDMMRL
RNS Number : 2994O
Marlowe PLC
04 November 2016
4 November 2016
Marlowe plc
Acquisition of Titan Fire and Security Limited
Marlowe plc ("Marlowe" or the "Company"), the support services group focused on acquiring and developing companies that provide critical asset maintenance services, announces that it has acquired Titan Fire and Security Limited ("Titan"), a provider of fire protection services based in Uxbridge, Greater London.
Titan was founded in 1988 and provides a portfolio of fire protection services, including the installation, service and maintenance of fire detection and fire suppression systems.
Titan is being purchased for a consideration of up to GBP750,000, comprising an initial cash consideration of GBP450,000 and two contingent earn-out payments of up to GBP150,000 after six and 12 months, subject to Titan meeting certain performance targets. Under the transaction, Marlowe is acquiring approximately GBP1.4 million of Titan's recurring customer revenues.
For further information:
Hot Features
Premium
Marlowe plc www.marloweplc.com
Alex Dacre, Chief Executive Tel: +44 (0) 203
813 8498
IR@marloweplc.com
Cenkos Securities plc (Nominated
Adviser and Broker)
Nicholas Wells Tel: +44 (0)20 7397
8900
Elizabeth Bowman
FTI Consulting
Nick Hasell Tel: +44 (0)20 3727
1340
Alex Le May
About Marlowe plc
Marlowe is an AIM-listed company formed to create sustainable shareholder value through the acquisition and development of businesses that provide critical asset maintenance services in the UK. It is focused on fire protection, security systems and water treatment services - which are essential to its customers' operations and invariably governed by regulation, and where customers require a single specialist outsourced provider with nationwide coverage. Our customers can be found on most high streets, in office complexes and industrial estates, and include SMEs, local authorities, facilities management providers, multi-site NHS trusts and FTSE 100 companies.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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(END) Dow Jones Newswires
November 04, 2016 03:00 ET (07:00 GMT)
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