LONDON (Alliance News) - CareTech Holdings PLC on Thursday said it will restart trading on AIM on Friday following its reverse takeover of Cambian Group PLC.
In mid-August, CareTech agreed to buy children's specialist education services provider Cambian for up to GBP372 million. Cambian shareholders now own around 36% of the enlarged company.
Upon admission, the social care services provider will have 108.9 million shares overall and a market capitalisation of GBP377 million.
CareTech's Haroon Sheikh and Farouq Sheikh will remain chief executive and chairman of the enlarged company, respectively with Michael Hill serving as chief financial officer.
