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Parkmead makes approved offer for Lochard Energy

By BFN News | 08:02 AM | Thursday 23 May, 2013

Parkmead Group is to make a recommended all-share offer for Lochard Energy, valuing the latter company at about £14.5 million. Under the terms of the acquisition, scheme shareholders would be entitled to receive 0.385 Parkmead consideration shares for each scheme share held. The £14.5 million valuation was based on the May 22 closing price of Parkmead shares, namely 12.625p. At 8:02am: (LON:LHD) share price was -1.25p at 4.25p (LON:PMG) PC Medics Group share price was -1p at 11.63p Story provided by

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