22nd Jul 2019 17:52
(Alliance News) - Premier Technical Services Group PLC said on Monday shareholders have voted in favour of the company's acquisition by the UK infrastructure arm of Australian investment bank Macquarie Group Ltd.
Premier Technical Services provides fall-arrest equipment services, lightning protection and electrical testing. Macquarie has offered 210.1 pence in cash for each Premier Technical Services share.
Shares in Premier Technical Services closed down 0.2% at 207.99p each in London on Monday.
Completion of the acquisition remains subject to the satisfaction or waiver of the remaining conditions, including the sanction of the scheme at the court hearing and the delivery of a copy of the court order to the registrar of companies.
It is expected dealings in Premier Technical Services shares will be suspended on Wednesday next week, and shares cancelled at the beginning of August.