27th Aug 2026 15:12
(Alliance News) - Headlam Group PLC shares dropped on Thursday after the floor covering distributor said it had completed the sale of its businesses in the Netherlands.
Shares in Coleshill, England-based Headlam fell 7% at 9.72 pence in London in afternoon trading, after dropping as much as 12% earlier in the day.
The assets included in the deal, Headlam Holdings BV, Headlam BV and Dersimo BV, were sold for EUR850,000 to SIL 2025 Ltd, a company managed by Rcapital Partners LLP.
Headlam said net proceeds after costs of around EUR170,000 would be used for general working capital purposes.
Headlam Chief Executive Officer Rob Barclay said: "The completion of the sale of our Netherlands businesses marks another step towards creating a simpler, more focused Headlam, centred solely on the UK market."
By Camilla Borri, Alliance News reporter
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