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IN BRIEF: Marlowe Buys Employment Services Firm Ellis For GBP59 Million

28th Oct 2020 18:06

Marlowe PLC - London-based safety & compliance services firm - Proposes placing to raise GBP30 million through issue of 5.4 million shares at 50 pence each. Also agrees to acquire Ellis Whittam (Holdings) Ltd, a provider of outsourced employment law, HR and health & safety services, for GBP59 million.

Current stock price: 545.14 pence

Year-to-date change: up 7.4%

By Eric Cunha; [email protected]

Copyright 2020 Alliance News Limited. All Rights Reserved.


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Marlowe
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Change53.53