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Helios Towers PLC - Africa-focused mobile phone tower infrastructure company - Acquires a further three limited liability vehicles for £5.7 million. The vehicles include Harris Family UTG Ltd, Whitehouse Underwriting Ltd, and Risk Capital UTG Ltd. £5.1 million will be paid in cash, £400,000 through the issue of 235,796 new ordinary shares at a price of £1.6 per share, and a further £300,000 have been deferred, dependent on the result of the LLVs’ open years of account. Notes that the acquisition of Harris Family UTG and Whitehouse Underwriting have been completed and the completion of Risk Capital UTG Ltd is subject to a change of control approval.
Current stock price: 104.20 pence
12-month change: down 39%
By Abby Amoakuh, Alliance News reporter
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