IN BRIEF: Facilities by ADF shares up on acquisition of Location One
1st Dec 2022 11:03
Facilities by ADF PLC - provider of production and support vehicles for the TV and film industry - Buys Location One Ltd, the UK's largest integrated TV and film location service and equipment hire company, for an initial consideration of GBP4.4 million in cash, with the issue of 3.4 million new shares. Says Location One customer base includes Amazon Studios, Netflix, Warner Brothers and the BBC, providing complementary services to that of ADF. Says there is an additional contingent earn out consideration of up to GBP2.7 million, which can be paid in cash instalments over a 36-month period. Facilities expects the acquisition to be immediately earnings accretive. Read More