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Pin to quick picksMarlowe Share News (MRL)

Share Price Information for Marlowe (MRL)

London Stock Exchange
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Share Price: 434.00
Bid: 430.00
Ask: 438.00
Change: -3.00 (-0.69%)
Spread: 8.00 (1.86%)
Open: 434.00
High: 435.00
Low: 430.00
Prev. Close: 433.00
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AIM WINNERS & LOSERS: Restore rises as it rebuffs Marlowe approach

Thu, 22nd Jul 2021 10:49

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.

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AIM - WINNERS

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Restore PLC, up 13% at 475.00 pence, 12-month range 280p-500p. Marlowe approaches Restore over possible takeover worth 530p per share. Says this was second proposal made to Restore board over the last few weeks, and both were rejected. Says possible offer would consist of 71p in cash and the remainder in Marlowe shares. Restore confirms rejection of offer, noting first proposal was worth 515p per share. Says it concluded the initial approach undervalued firm and with a low cash element, was not in best interests of Restore shareholders. Adds: "As the second approach did not represent any material improvement to the original approach, the board unanimously rejected the second approach on 5 July 2021 on the same basis." Marlow has until August 19 to either announce a firm offer for Restore or walk away. Marlowe shares were 1.6% lower in mid-morning trade.

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Open Orphan PLC, up 11% at 24.04p, 12-month range 12.26p-48p. Notes editorial opinion piece on the UK government's Human Challenge Programme has been published in the latest edition of the New England Journal of Medicine. The programme, part of the government's vaccine taskforce, is a collaboration which includes Open Orphan subsidiary hVIVO. "We are delighted to see support for the Covid-19 Human Challenge Programme in a publication such as the New England Journal of Medicine," says Open Orphan Executive Chair Cathal Friel.

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AIM - LOSERS

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LoopUp Group PLC, down 18% at 51.55p, 12-month range 50.91p-250p. Expects revenue for first half of 2021 to be no less than GBP11.5 million, which would be 13% below management forecasts. While it has seen material acceleration in new customer wins in Cloud Telephony, it says Remote Meetings business continues to see customers move to "more cost-effective committed term subscription and minimum spend contracts", as well as "sustained intense" competition.

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By Lucy Heming; lucyheming@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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23 Nov 2018 10:39

Marlowe Signs New And Enlarged Facility To Replace Existing Loan

LONDON (Alliance News) - Marlowe PLC said Friday it has replaced its existing loan with a new GBP30 million revolving credit facility plus a GBP15 million accordion.The firm signed a new in

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22 Oct 2018 10:28

Marlowe buys fire safety services provider Firecrest

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Marlowe Acquires Fire Safety Services Company For GBP260,000

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Marlowe Acquires Tersus Consultancy For GBP3.7 Million

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Marlowe buys Tersus Consultancy for £3.7m

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28 Aug 2018 11:51

Marlowe Expands In UK Water Treatment Market With GBP4.5 Million Buy

LONDON (Alliance News) - Marlowe PLC on Tuesday said it bought Suez Water Conditioning Services Ltd, including assets of Marral Chemicals Ltd and Sentinel Water Ltd, for GBP4.5 million.The

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28 Aug 2018 10:22

Marlowe buys Suez WCS for £4.5m

(Sharecast News) - AIM-listed support services group Marlowe has acquired Suez WCS for an enterprise value of £4.5m in a deal which it said will "significantly" extend the scale and breadth of its activities in the UK water treatment market.

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30 Jul 2018 14:27

Marlowe buys water treatment firm Kingfisher Environmental

(Sharecast News) - Support services group Marlowe has acquired Kingfisher Environmental Services, it announced on Monday, which it said would further extend its national footprint in the water treatment market.

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30 Jul 2018 12:17

Marlowe Acquires Water Treatment Services Provider For Undisclosed Sum

LONDON (Alliance News) - Testing and maintenance services provider Marlowe PLC said Monday that it has acquired Hertfordshire, England, based water treatment services company Kingfisher Services

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18 May 2018 13:04

Marlowe Buys Forest Environmental From Administrators For GBP500,000

LONDON (Alliance News) - Marlowe PLC said Friday it has acquired the business and assets of Forest Environmental Ltd from its administrators for a GBP500,000 cash consideration.In the year

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24 Apr 2018 11:07

Marlowe Acquires Island Fire Protection For Up To GBP1.1 Million

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Marlowe Buys Flamefast Fire Systems For GBP1.0 Million In Cash

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13 Mar 2018 07:06

EUROPE RESEARCH ROUNDUP-Capital & Counties Properties, Inmarsat, Norsk Hydro

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7 Feb 2017 09:59

Marlowe buys Alpha Peerless Fire Systems for £475,000

(ShareCast News) - AIM-listed Marlowe, which buys and develops support services companies, has bought Alpha Peerless Fire Systems for £475,000 on a cash and debt free basis. As part of the deal, Marlowe brought about £1.4m worth of Alpha's recurring customer revenues in addition to the £1.2m revenue

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7 Feb 2017 09:40

Marlowe Acquires Maidstone-Based Alpha Peerless Fire Systems

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