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FLTAFri, 11th Sep 2020 06:13
Filta Group Holdings PLC - Rugby, Warwickshire-based fryer management and services to commercial kitchens - Appoints Brian Riordan as UK managing director with effect on October 5. Riordan's most recent executive role was a divisional managing director at food and facilities services provider Aramark UK.
Current stock price: 98.00 pence
Year-to-date change: down 42%
By Dayo Laniyan; dayolaniyan@alliancenews.com
Copyright 2020 Alliance News Limited. All Rights Reserved.
Filta Group Holdings PLC - Rugby, England-based provider of cooking oil filtration and fryer management services - Franchise Brands PLC says acceptances of its takeover offer remain at 82%. The all-share deal, which values Filta around GBP50 million, was agreed last month. Filta share holders will receive 1.157 Franchise Brands shares for each Filta share, worth 170.7 pence at the time the offer was made. The offer remains open until April 19, but the acceptance condition of 75% already had been met when the deal was first announced. Franchise Brands says Filta shares will be cancelled from AIM on March 24, while 27.7 million new Franchise Brands shares issued to Filta shareholders will start trading on AIM this Thursday.
Read moreFilta Group Holdings PLC - Rugby, England-based Filta provides cooking oil filtration and fryer management services - Franchise Brands PLC says own shareholders vote overwhelmingly to approve its takeover offer for Filta. The all-share deal, which values Filta around GBP50 million, was agreed last month. Franchise Brands says has acceptances or undertakings to accept the offer for 23.8 million Filta shares, 81.8% of the total, unchanged from when the offer was first announced. Filta share holders will receive 1.157 Franchise Brands shares for each Filta share, worth 170.7 pence at the time the offer was made. The offer remains open until April 19.
Read more(Alliance News) - European equities were mixed midday Wednesday as a tense situation on the Ukraine border and a staggering UK inflation figure saw trepidation creep in, with markets surrendering earlier gains.
Read more(Alliance News) - Franchise Brands PLC said Wednesday it has agreed terms of an all-share takeover offer for Filta Group Holdings PLC, valuing the Rugby, England-based company at GBP49.8 million.
Read more(Alliance News) - London's FTSE 100 stock index edged cautiously higher in early dealings on Wednesday, with a seeming de-escalation by Russia of its threat to Ukraine lifting the mood, though traders were wary about a backdrop of inflationary pressures in both the UK and US.
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(Sharecast News) - Franchise Brands has agreed to buy Filta Group for almost £50m to add commercial kitchen fryer management to its list of services.
Read more(Alliance News) - The UK annual inflation figure raced to just shy of a 30-year high in January, figures from the Office for National Statistics showed Wednesday.
Read more(Alliance News) - Stock prices in London are seen opening slightly higher on Wednesday, adding to strong gains on Tuesday, as tensions on the Russia-Ukraine border appear to have eased.
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Read more(Sharecast News) - Fryer management and commercial kitchen services company Filta Group said on Wednesday that it was still experiencing increasing levels of demand in all of its territories.
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