QuotedData’s other news – 23 April 2019
CIP Merchant Capital has acquired 950k ordinary shares in CareTech Holdings (CTH) for a consideration of around £3.2m. CTH is a provider of specialist social care services supporting adults and children with a wide range of complex needs in more than 250 specialist service centres around the UK.
In the year ended 30 September 2018, CTH had net income attributable to its shareholders of £26.5m and as at 30 September 2018 had net assets of £208m.
Elsewhere, trading in Tau Capital (TAU) on the AIM has been suspended effective this morning. The company, which invests mainly in Kazakhstan as well as in wider central Asia, is classified as an AIM rule 15 cash shell and as such was required to make an acquisition or acquisitions which constitutes a reverse takeover under AIM Rule 14 (“Reverse Takeover”) or be re-admitted to trading on AIM as an investing company under the AIM Rules (which requires the raising of at least £6 million) on or before the date falling six months from 18 October 2018.
Other stories announced today were: