30th Nov 2023 18:04
Roebuck Food Group PLC - Newry, Northern Ireland-based protein and product sourcing company - At extraordinary general meeting, shareholders approve completing the acquisition of food and food ingredient distribution firm Moorhead & McGavin Ltd, as announced earlier this month. Says acquisition will now take place within seven working days.
In early November, Roebuck Food said it agreed to buy Moorhead & McGavin for GBP2.2 million. Roebuck said it will pay GBP2.2 million for Moorhead. This includes GBP2.1 million payable in cash and GBP150,000 through the issue of new shares.
Current stock price: 14.00p, untraded
12-month change: up 7.7%
By Greg Rosenvinge, Alliance News senior reporter
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