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Pin to quick picksCreo Medical Share News (CREO)

Share Price Information for Creo Medical (CREO)

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Share Price: 35.00
Bid: 34.50
Ask: 35.50
Change: -0.40 (-1.13%)
Spread: 1.00 (2.899%)
Open: 35.25
High: 36.00
Low: 34.90
Prev. Close: 35.30
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IN BRIEF: Creo Medical makes first earn-out payment for Albyn

Wed, 16th Mar 2022 12:21

Creo Medical Group PLC - Chepstow, Wales-based medical device company - Confirms that it paid the first instalment of the EUR1.7 million earn-out payment for Albyn in cash. Adds that it also bought half of the remaining 10% of Albyn's missed share capital for EUR1.2 million.

Creo bought Albyn in July for an equity value of EUR24.8 million and up to EUR2.7 million of performance-related payments payable over two years. It acquired 90% of Albyn's issued share capital, with the remaining 10% to be acquired over the next two years for an amount calculated against performance targets.

Notes that the acquisition has increased its revenue year-on-year.

Current stock price: 120.50 pence

12-month change: down 46%

By Abby Amoakuh; abbyamoakuh@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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IN BRIEF: Creo Medical completes earn-out for Albyn acquisition

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Creo Medical achieves second Albyn earn-out target

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Copyright 2023 Alliance News Ltd. All Rights Reserved.

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IN BRIEF: Creo Medical launches open offer to raise GBP5.2 million

Creo Medical Group PLC - Chepstow, Wales-based medical device company focused on surgical endoscopy - Proposes to raise up to GBP5.2 million through an open offer, allowing qualifying shareholders to subscribe to 26.0 million shares at a price of 20 pence per share.

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