AssetCo has agreed to acquire SVM Asset Management for £10.7m. Consideration will be satisfied by £1.7m cash and up to £9.0m, 1% fixed rate unsecured convertible loan notes in AssetCo, at £14.50 per Ordinary Share. Unless converted, the loan notes will be repaid on 31 December 2023.
21 Jun 2022
AssetCo (ASTO LN) - Scottish Value
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
AssetCo (ASTO LN) - Scottish Value
AssetCo PLC (ASTO:LON) | 33.0 0 0.0% | Mkt Cap: 47.5m
- Published:
21 Jun 2022 -
Author:
Robin Savage -
Pages:
6
AssetCo has agreed to acquire SVM Asset Management for £10.7m. Consideration will be satisfied by £1.7m cash and up to £9.0m, 1% fixed rate unsecured convertible loan notes in AssetCo, at £14.50 per Ordinary Share. Unless converted, the loan notes will be repaid on 31 December 2023.