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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% | 508.00 | 506.00 | 510.00 | 512.00 | 503.00 | 512.00 | 238,078 | 16:22:42 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Investors, Nec | 465.7M | -3.8M | -0.0393 | -129.26 | 491.62M |
From Apr 2019 to Apr 2024
TIDMMRL
RNS Number : 8487L
Marlowe PLC
24 April 2018
24(th) April 2018
Marlowe plc
Acquisition of Island Fire Protection Limited
Marlowe plc (ÒMarloweÓ or the ÒGroupÓ), the support services group focused on acquiring and developing companies that provide critical asset maintenance services, announces that it has acquired Island Fire Protection Limited (ÒIsland Fire") for a total enterprise value of up to GBP1.1 million.
Based in Birmingham, Island Fire was founded in 1991 and provides a portfolio of fire protection services including the installation and maintenance of fire alarms and extinguishers to customers nationally.
For the year to 30 April 2017, Island Fire reported revenues of GBP2.1 million and profit before tax of GBP0.3 million and had year-end net assets of GBP0.5 million. The total enterprise value of up to GBP1.1 million comprises an upfront cash consideration of GBP0.9 million and a cash earn-out expected to be in the region of GBP0.2 million. The acquisition will be financed from the GroupÕs existing cash resources.
For further information:
Hot Features
Premium
Marlowe plc www.marloweplc.com
Alex Dacre, Chief Executive Tel: +44 (0) 203 841
6194
Mark Adams, Group Finance Director IR@marloweplc.com
Cenkos Securities plc (Nominated Adviser and Broker)
Nicholas Wells Tel: +44 (0)20 7397 8900
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, water treatment and air hygiene 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
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(END) Dow Jones Newswires
April 24, 2018 02:00 ET (06:00 GMT)
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