![](/cdn/assets/images/search/clock.png)
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 |
---|---|---|---|---|---|
Thb Group | LSE:THB | London | Ordinary Share | GB0032008293 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 77.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:7359H THB Group PLC 20 February 2003 THB Group plc ("THB") signs heads of terms to acquire equestrian insurance broker THB Group plc, the niche insurance broker, which floated on the Alternative Investment Market of the London Stock Exchange on 1 October 2002, today announces that it has signed heads of terms for the acquisition of BEIB Equestrian Holdings Limited ("BEHL"), which owns British Equestrian Insurance Brokers Limited ("BEIB"). BEIB is a specialist insurance broker covering all aspects of the equestrian market in the UK and overseas, with turnover of #2.1 million. Net assets of BEHL totalled #0.6 million at 30 September 2002 and consolidated pre-tax profits were #0.45 million in the year then ended. The agreement, under which THB will acquire 100% of the issued share capital of BEHL, provides for initial consideration of up to #2.35 million in cash and a further #0.5 million in new THB ordinary shares, which will be subject to a two-year lock-in. Additional consideration, not expected to exceed #0.5 million, will be payable in THB shares on achievement of performance targets for the three financial years following acquisition. The agreement is subject to contract and due diligence and is expected to complete on 7 April 2003. Further information will be announced once the transaction becomes unconditional. Ends. CONTACTS Vic Thompson, Chairman, THB Group 01689 883523 Rob Wilkinson, Finance Director, THB Group 01689 883519 Information on THB Group plc THB Group is a UK based niche insurance broking group, having at its core a Lloyd's broking business, providing services to clients predominantly in the UK and US. It acts as a wholesaler to other intermediaries both in the UK and abroad, as well as providing broking services to a range of retail insurance clients, from Formula One racing drivers to international corporate clients. The group has a strong presence in certain niche areas of insurance in the Lloyd's market, such as motorsport, motor fleet and North American property. The company completed a successful flotation on the Alternative Investment Market of the London Stock Exchange on 1 October 2002, raising #6 million, largely by way of a placing to institutional investors and staff, at a price of 120p per share. Profit before tax totalled #3.3 million in the year ended 30 April 2002 on turnover, comprising brokerage and commission, of #15.3 million. The group reported interim profits for the six months to 31 October 2002 of #1.64 million before tax on turnover of #10.5 million. Further information is available on the company's website at www.thbgroup.com. This information is provided by RNS The company news service from the London Stock Exchange END ACQIIFFAFDIIFIV
1 Year THB Group Chart |
1 Month THB Group 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