Acquisition of Langleys Solicitors LLP

RNS Number : 1098G

Knights Group Holdings PLC

25 March 2022

 

Knights Group Holdings plc

("Knights", the "Company" or the "Group")

Completion of the Acquisition of Langleys Solicitors LLP

Knights is pleased to confirm that the acquisition of Langleys Solicitors LLP ("Langleys") has now completed, in line with the timeframe set out in the acquisition announcement of 31 January 2022.

Following the Group's recent share price movements, Knights has adjusted the terms of the acquisition of Langleys. The £2.75m that would have been issued in new ordinary shares in Knights, (the "Consideration Shares"), will instead be paid in cash in three equal instalments on 2^nd January 2023, 2^nd January 2024 and 2^nd January 2025. 

Ends

Enquiries 

Knights
David Beech, CEO Kate Lewis, CFO	Via MHP Communications

Numis (Nomad and Broker)
Stuart Skinner, Kevin Cruickshank	020 7260 1000
MHP Communications (Media enquiries)
Andrew Jaques, Katie Hunt, Robert Collett-Creedy	020 3128 8100 [phone] [e-mail]

 

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