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CareTech Holdings (CTH)

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Wednesday 05 February, 2020

CareTech Holdings

Completion of Investment

RNS Number : 9664B
CareTech Holdings PLC
05 February 2020
 

 

 

 

5 February 2020

 

 

  

CareTech Holdings PLC

("CareTech" or "the Group")

 

 

Completion of Investment

and Issue of Equity

Total Voting Rights

 

CareTech Holdings PLC (AIM: CTH), a pioneering provider of specialist social care and education services to adults and children in the UK, is pleased to confirm that it has completed its investment into AS Group ("Investment"), details of which were announced on 23 December 2019. CareTech has issued 431,465 Consideration Shares in satisfaction of the Initial Consideration for the investment.

The Investment has initially been made directly by CareTech Holdings Plc rather than through CareTech International Ltd as originally anticipated.

Application has been made for admission of the 431,465 Consideration Shares to trading on AIM, which is anticipated to occur at 8.00 a.m. on Thursday 6 February 2020. The Consideration Shares rank pari passu with the existing shares of common stock of the Group.

 

Total voting rights

Following the issue of the Consideration Shares, the Group's issued ordinary share capital consists of 112,154,305 ordinary shares. The Group does not hold any shares in treasury. Therefore, the total number of ordinary shares with voting rights in CareTech is 112,154,305.

 

The above figure of 112,154,305 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company under the FCA's Disclosure Guidance and Transparency Rules.

The capitalised terms used in this announcement have the meaning as defined in the announcement published by the Company at 7 a.m. on 23 December 2019 unless otherwise stated.

 

For further information, please contact: 

CareTech Holdings PLC                                               01707 601800

Farouq Sheikh, Executive Chairman

Christopher Dickinson, Group Finance Director

 

Consilium Strategic Communications                       020 7466 5000

Mary-Jane Elliott

Chris Welsh

Angela Gray

 

Panmure Gordon (Nomad and Joint Broker)            020 7886 2500

Emma Earl

Freddy Crossley

Charles Leigh-Pemberton

 

WH Ireland (Joint Broker)                                           020 7220 1666

Adrian Hadden

Jessica Cave

Matthew Chan

 

 

About CareTech

 

CareTech Holdings plc is a leading provider of specialist social care and education services, supporting around 4,500 adults and children with a wide range of complex needs in more than 550 residential facilities and specialist schools around the UK and employing approximately 10,000 staff.

Committed to the highest standards of care and care governance, CareTech provides its innovative care pathways covering; Adult learning disabilities and specialist services; Children's residential and education services; and foster care.

CareTech, which was founded in 1993, began trading on the AIM market of the London Stock Exchange in October 2005 under the ticker symbol CTH.

 

For further information please visit: www.caretech-uk.com

 


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