Parkmead Group (The) Plc To Acquire The entire Share Capital Of Pitreadie Farm Limited

Parkmead Group (The) PLC (AIM: PMG), has signed a share purchase agreement to acquire the entire issued share capital of Pitreadie Farm Limited, a company with significant renewable energy potential. The acquisition which broadens Parkmead’s operations, comprises £4.9 million payable in new 9,645,669 Parkmead ordinary shares of 1.5 pence each.

On 30th August 2019, at the time of writing, GMT 08:06 AM, PMG shares were trading at GBX 46.10, down by 4.70 points or 9.25% against the previous day closing price.