Ravenscroft Holdings Limited (CISX:) entered into a conditional agreement to acquire WH Ireland (IOM) Limited from WH Ireland Group plc (AIM:WHI) for £1.8 million on June 29, 2020. The transaction will see six full-time employees, all based in the Isle of Man, joining Ravenscroft Holdings Limited. Completion of the transaction is conditional on, inter alia, the receipt of all necessary regulatory approvals from the Isle of Man Financial Services Authority, but subject to the satisfaction of the outstanding conditions. As of August 24, 2020 all conditions set out in the associated sale agreement have now been satisfied and the transaction is deemed to have completed with immediate effect. Jayson Mark of Squire Patton Boggs (UK) LLP acted as legal advisor to WH Ireland Group plc (AIM:WHI) in the transaction.

Ravenscroft Holdings Limited (CISX:) completed the acquisition of WH Ireland (IOM) Limited from WH Ireland Group plc (AIM:WHI) on August 24, 2020. All conditions have been satisfied.