We would love to hear your thoughts about our site and services, please take our survey here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksPTSG.L Share News (PTSG)

  • There is currently no data for PTSG

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Premier Technical Services To Acquire Electrical Testing Company (ALLISS)

Mon, 15th Oct 2018 17:41

LONDON (Alliance News) - Premier Technical Services Group PLC said Monday it plans to acquire Guardian Electrical Compliance Ltd for an initial cash consideration of GBP12.0 million.

Deferred consideration of up to GBP4.0 million is also payable over the next three years, in cash or shares at Premier Technical's discretion, subject to the electrical testing & compliance company meeting stretching performance targets.

Guardian will be acquired with GBP1 million of cash on its balance sheet.

Premier Technical will also conduct a non-pre-emptive cash placing to raise gross proceeds of GBP20.0 million to fund the acquisition, associated costs and to support future acquisitions.

Numis Corp PLC will act as sole bookrunner for the placing.

The price per share at which the placing shares will be placed will be decided at the close of the bookbuild. The timing of the closing of the bookbuild, the placing price and allocations will be decided by Numis and Premier Technical.

Shares in Premier Technical Services closed down 3.4% at 157.00 pence each.

Admission of the shares in expected on London AIM on October 18.

Premier Technical believes the acquisition "substantially enhances" its position in the Electrical Services market and follows its stated strategy of increasing revenue from compliance related services whilst achieving sector "dominance".

The AIM-listed company is also in "exclusive negotiations" to acquire a Fire Solutions company for an initial cash consideration of GBP4 million plus deferred consideration payable over five years, subject to delivery against stretching performance targets.

The unnamed business is based in the south of England and will give Premier Technical "comprehensive" geographical coverage and service offering to its existing client base of over 17,000 customers.

More News
22 Jul 2019 17:52

Premier Technical Services Shareholders Vote In Favour Of Takeover

(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

Read more
20 Jun 2019 10:45

WINNERS & LOSERS SUMMARY: Fresnillo Gains As Gold Surges On Dovish Fed

(Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Thursday.----------FTSE 100 - up 5.4%. "The biggest headline from last was

Read more
20 Jun 2019 10:24

Premier Technical Services Agrees To GBP265 Million Takeover

(Alliance News) - Premier Technical Services Group PLC said Thursday it has agreed to a GBP265.3 million takeover offer from the UK infrastructure arm of Australian investment bank Macquarie Group

Read more
20 Jun 2019 10:14

Premier Technical Services shares rocket on Macquarie bid

(Sharecast News) - Shares of Premier Technical Services surged on Thursday after it agreed to be bought by a subsidiary of Macquarie Group for £265.3m in cash.

Read more
17 Jun 2019 08:07

Premier Technical witnesses continued sales growth and strong order levels

(Sharecast News) - Niche specialist services provider Premier Technical Services Group said on Monday that it has continued to witness sales growth and strong order levels so far this year.

Read more
10 May 2019 13:03

Acquisitions help boost Premier Technical Services Group in first quarter

(Sharecast News) - Niche specialist services provider Premier Technical Services Group announced a trading update for the 12 weeks ended 31 March on Friday, reporting that trading during the first quarter had been "strong", with the recent acquisitions of Guardian and Trinity performing ahead of management expectations.

Read more
10 May 2019 10:41

WINNERS & LOSERS SUMMARY: Investec Sells Wealth Unit To Brewin Dolphin

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Friday.----------FTSE 100 - Consolidated Airlines Group, up The

Read more
10 May 2019 09:11

Premier Technical Reports "Robust" Sales, High Renewals Rates

LONDON (Alliance News) - Premier Technical Services Group PLC on Friday said sales remained "robust" and contract renewal rates high in the first three months of 2019.The company,

Read more
26 Mar 2019 10:36

Premier Technical Services Sees Record Annual Profit On Acquisitions

LONDON (Alliance News) - Premier Technical Services Group PLC on Tuesday reported a sharp rise in annual profit and revenue leading to an increase in annual payout.Premier Technical such as

Read more
25 Mar 2019 13:06

Premier Technical Secures GBP50 Million Loan From HSBC

LONDON (Alliance News) - Premier Technical Services Group PLC said Monday that it has agreed a new GBP40 million committed loan facility with a GBP10 million accordion with HSBC UK Bank revolving

Read more
21 Feb 2019 10:29

Premier Technical Services Not Aware Of Reason For Sharp Share Falls

LONDON (Alliance News) - Specialist services firm Premier Technical Services Group PLC said Thursday it was "not aware" of any reason why its share price has dropped as much as 27% since

Read more
21 Jan 2019 11:55

Premier Technical Buys Trinity Fire, Expects 2018 Results In Line

LONDON (Alliance News) - Premier Technical Services Group PLC on Monday said it has acquired safety solutions firm Trinity Fire & Security Systems to expand its fire solutions addition, the to

Read more
16 Oct 2018 11:20

Premier Technical Services Raises GBP20 Million Via Share Placing (ALLISS)

LONDON (Alliance News) - Premier Technical Services Group PLC said Tuesday it raised GBP20 million in a share placing to fund an acquisition.The company issued 12.7 million shares at 157.5

Read more
25 Sep 2018 11:42

Premier Technical Hikes Dividend Despite Slight Fall In Interim Profit

LONDON (Alliance News) - Premier Technical Services Group PLC on Tuesday upped its interim payout but said profit decreased in the first half of 2018, hurt by higher costs.The electrical to

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.