Dods announces the conditional acquisition of Meritgroup Limited

Dods announces the conditional acquisition of Meritgroup Limited (“Merit”) for a total consideration of £22.4 million on a debt free basis, payable in a mixture of cash and new ordinary shares in the Company (the “Acquisition”).  

In order to part fund the cash element of the consideration payable on completion of the Acquisition, the Company is currently concluding an equity fundraising process (the “Fundraise”). As part of the Fundraise, the Company expects to provide an open offer to enable existing shareholders the opportunity to participate in the Fundraise. In addition, the Company proposes to enter into a new debt facility, the primary purpose of which is to part fund the Acquisition.

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