Purchase of minority interest in DH&P

Summary by AI BETAClose X

Lords Group Trading has completed the purchase of the remaining 6.4% minority shareholding in DH&P, having earlier acquired 3.6% from a vendor this year, exercising the final option for £1.1 million in cash funded from existing resources; the Group now owns 100% of DH&P. The original April 2022 transaction acquired 90% with put/call arrangements over the remaining 10% at a predefined market value. The payment is a modest cash outflow, removes the minority interest, and consolidates full operational control of DH&P, which may simplify future reporting and integration but is not expected to materially change Group funding given it was funded from existing resources.

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