Brickability Group Plc (AIM:BRCK) acquired Topek Southern Limited for £48million on January 22, 2024. an initial cash consideration of £17.3million payable on completion, subject to final working capital adjustments to acquire the business on a cash-free, debt-free basis. a further £10.0million satisfied through the issue of 17,094,017 new ordinary shares of in the capital of the Company at an effective issue price of 58.5 pence per ordinary share, and up to £20.7million of deferred contingent consideration that, subject to adjustments, is payable for performance against target performance criteria over the next three years. The initial cash consideration for the Acquisition will be financed through the Group's existing cash resources. The Consideration Shares will be subject to a 24-month hard lock-in, subject to customary carve-outs, followed by a 12-month orderly market arrangement. The Consideration Shares represent approximately 5.7 per cent. of the existing share capital. Ben Jeynes from Cavendish Capital Markets Limited act as financial advisor for Brickability Group Plc.

Brickability Group Plc (AIM:BRCK) completed the acquisition of Topek Southern Limited for £48million on January 22, 2024.