We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Accrol Group Holdings Plc | LSE:ACRL | London | Ordinary Share | GB00BZ6VT592 | ORD GBP0.001 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.30 | 0.78% | 38.80 | 38.70 | 38.80 | 38.80 | 38.30 | 38.50 | 2,933,382 | 15:38:08 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Convrt Paper,paperbd Pds,nec | 241.91M | -5.7M | -0.0179 | -21.68 | 123.72M |
TIDMACRL
RNS Number : 3909G
Accrol Group Holdings PLC
25 November 2020
25 November 2020
Accrol Group Holdings plc
("Accrol" or the "Company")
AIM: ACRL
Completion of the acquisition of Leicester Tissue Company Limited
Following the announcement made by the Company on the 23 November 2020 titled "Admission of Shares & Total Voting Rights" ("Announcement"), Accrol Group Holdings plc, a leading independent tissue converter in the UK, is pleased to announce that the Final Condition has now been satisfied and the Acquisition has now completed.
The capitalised terms used in this announcement have the same meanings as in the Announcement, unless otherwise stated.
Dan Wright, Executive Chairman of Accrol, said:
"We are delighted to announce the completion of this, our first acquisition. LTC fulfils all our selective M&A criteria. It's well-invested; it's ideally located, in central England; it has strong day-to-day management team; and its product mix and customer base are highly complementary to our existing business.
"The acquisition is immediately earnings enhancing and takes our share of the GBP1.7bn UK tissue market to c.16%. Importantly, it represents another milestone on our journey to build a world-class, operationally efficient business of size and scale, which delivers substantial returns to shareholders through organic and acquisitive growth. I would like to thank our existing and new shareholders for their support and confidence in our team and look forward to updating everyone on the progress of the integration in due course.
"On behalf of the team at Accrol, I welcome everyone at LTC to the Group and look forward to an exciting future working together."
For further information, please contact: Accrol Group Holdings plc Dan Wright, Executive Chairman Via Belvedere Communications Gareth Jenkins, Chief Executive Officer Zeus Capital Limited (Nominated Adviser & Broker) Dan Bate / Jordan Warburton Tel: +44 (0) 161 831 1512 Dominic King / John Goold Tel: +44 (0) 203 829 5000 Liberum Capital Limited (Joint Broker) Tel: +44 (0) 20 3100 2222 Clayton Bush / Edward Thomas Deloitte LLP (Financial Adviser) Tel: +44 (0) 20 7936 3000 Andrew Westbrook / Chris Nicholls Belvedere Communications Limited Cat Valentine Tel: +44 (0) 7715 769 078 Keeley Clarke Tel: +44 (0) 7967 816 525 Llew Angus Tel: +44 (0) 7407 023 147 accrolpr@belvederepr.com
Notes to Editors
Accrol Group Holdings plc, based in Lancashire, is a leading tissue converter and supplier of toilet tissues, kitchen rolls and facial tissues, as well as other tissue products, to major discounters and grocery retailers throughout the UK. The business operates from four sites in Lancashire:
-- A manufacturing, storage, and distribution facility in Blackburn; -- A storage and administrative centre in Blackburn; -- A facial tissue plant, also in Blackburn; and -- A manufacturing, storage, and distribution facility in Leyland.
For more information, please visit www.accrol.com .
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
END
ACQFEAFALESSEDF
(END) Dow Jones Newswires
November 25, 2020 02:00 ET (07:00 GMT)
1 Year Accrol Chart |
1 Month Accrol Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions