Begbies Traynor Group PLC Completion of Acquisition (5431S)

TIDMBEG

RNS Number : 5431S

Begbies Traynor Group PLC

17 March 2021

17 March 2021

Begbies Traynor Group plc

Completion of Acquisition

Begbies Traynor Group plc (the "Group"), the business recovery, financial advisory and property services consultancy, is pleased to announce that the acquisition of David Rubin & Partners Limited ("DRP") has completed and is now unconditional in all respects.

As announced on 11 March 2021, this represents the largest acquisition the Group has undertaken to date and builds on the recent acquisition of CVR Global LLP, resulting in a significant increase in the scale of the Group's business recovery and financial advisory business, especially in the key London market.

Ric Traynor, Executive Chairman of Begbies Traynor Group plc, commented:

"The acquisition of DRP is our largest acquisition to date and is expected to be immediately earnings enhancing. It leaves the Group well-positioned to increase its market share and continue to grow its business recovery and financial advisory revenues.

"With the benefit of this and other recent acquisitions together with organic growth initiatives the Group is well positioned to deliver material growth in the 2021-22 financial year."

Enquiries please contact:

Begbies Traynor Group plc 0161 837 1700

Ric Traynor - Executive Chairman

Nick Taylor - Group Finance Director

   Canaccord Genuity Limited                                                            020 7523 8000 

(Nominated Adviser and Joint Broker)

Emma Gabriel / Angelos Vlatakis

Shore Capital 020 7408 4090

(Joint Broker)

Mark Percy / Anita Ghanekar

MHP Communications 020 3128 8168

   Reg Hoare / Katie Hunt / Florence Mayo                                           [e-mail] 

Information on Begbies Traynor Group can be accessed via the Group's website at

www.begbies-traynorgroup.com/investor-relations

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 [e-mail] 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

ACQJRMPTMTBBMJB

(END) Dow Jones Newswires

March 17, 2021 04:14 ET (08:14 GMT)