14th Mar 2022 14:38
Joules Group PLC - Leicestershire, England-based country lifestyle retailer - Says defferred consideration for Garden Trading Company Ltd is now due, as Garden Trading has met all targets post-acquisition. Joules bought the digitally-led home & garden retailer with an upfront payment of GBP9 million in February of last year. It will now pay GBP3.0 million in cash, and around GBP500,000 in new 243,368 shares in Joules at GBP2.05 each.
Joules previously said it acquired Garden Trading to broaden its product offer and strengthen its digital platform.
Current stock price: 52.20 pence, up 4.4% on Monday
12-month change: down 73%
By Elizabeth Winter; [email protected]
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