Wilmcote Holdings NPV (WCH)

Sector:

Alternative Investment Instruments

 3.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 102.50p
  • 52 Week Low: 3.00p
  • Currency: UK Pounds
  • Shares Issued: 20.83m
  • Volume: 0
  • Market Cap: £0.63m

Wilmcote mulls investment vehicle-based acquisition of Arclin

By Josh White

Date: Wednesday 02 Oct 2019

LONDON (ShareCast) - (Sharecast News) - Wilmcote Holdings announced on Wednesday that it has evaluated a range of transaction structures regarding the potential acquisition of US-based speciality chemicals business Arclin.
The AIM-traded firm said it would not be pursuing a direct acquisition for Arclin, but added that it remained interested in indirectly participating in a possible acquisition by an unaffiliated US-listed investment vehicle.

It said it anticipated that a successful transaction would result in the Wilmcote management group being engaged by the investment vehicle, and was expected to include provision for Wilmcote to receive compensation to reflect its investment in the acquisition opportunity.

"Whilst there can be no certainty of a successful transaction, the board believe that this approach is the most likely way of creating shareholder value through a successful acquisition of Arclin by an unaffiliated US-listed investment vehicle," the board said in its statement.

"Given the continued uncertainty over the transaction structure and financial impact to Wilmcote and its shareholders, Wilmcote's ordinary shares remain suspended pending a further announcement in relation to this transaction."

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WCH Market Data

Currency UK Pounds
Share Price 3.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 102.50p
52 Week Low 3.00p
Volume 0
Shares Issued 20.83m
Market Cap £0.63m

WCH Star Ratings

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Value
Market averageMarket averageMarket averageMarket averageMarket average
77.78% above the sector average77.78% above the sector average77.78% above the sector average77.78% above the sector average77.78% above the sector average
Price Trend
Market averageMarket averageMarket averageMarket averageMarket average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Income Not Available
Growth Not Available

WCH Dividends

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Trades for --2020

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