Knights Group Holdings plc
("Knights", the "Company" or the "Group")
Completion of the Acquisition of Langleys Solicitors LLP
Knights is pleased to confirm that the acquisition of Langleys Solicitors LLP ("Langleys") has now completed, in line with the timeframe set out in the acquisition announcement of 31 January 2022.
Following the Group's recent share price movements, Knights has adjusted the terms of the acquisition of Langleys. The £2.75m that would have been issued in new ordinary shares in Knights, (the "Consideration Shares"), will instead be paid in cash in three equal instalments on 2nd January 2023, 2nd January 2024 and 2nd January 2025.
Ends
Enquiries
| Knights | |
| David Beech, CEO Kate Lewis, CFO | Via MHP Communications |
| Numis (Nomad and Broker) | |
| Stuart Skinner, Kevin Cruickshank | 020 7260 1000 |
| MHP Communications (Media enquiries) | |
| Andrew Jaques, Katie Hunt, Robert Collett-Creedy | 020 3128 8100 |
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