DeepVerge PLC - York-based skin product test services company formerly known as Integumen PLC - Completes compulsory acquisition of Modern Water PLC following an agreement reached between the two regarding the offer terms. Terms agreed in August for deal, which valued London-based wastewater firm Modern Water at around GBP21.3 million. Says after receiving shareholder acceptances in respect of 520.3 million Modern Water shares, representing a 94% stake in the company, DeepVerge has now completed the acquisition of all remaining Modern Water shares. Notes it has allotted new 3.6 million new shares following the acquisition and will apply for the shares to be admitted to trading on AIM, with admission expected to occur next Wednesday.
Current stock price: 34.20 pence
Year-to-date change: up 10%
By Zoe Wickens; zoewickens@alliancenews.com
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