CIP Merchant Capital invests further in CareTech
CIP Merchant Capital Limited NPV
50.00p
16:55 07/06/22
25.00%
10.00p
CIP Merchant Capital has made a further investment in CareTech Holdings, it announced on Monday, which provides specialist social care and education services to adults and children in the UK.
CareTech Holding
750.00p
16:14 26/09/22
0.00%
0.00p
Equity Investment Instruments
12,149.83
13:45 10/01/25
-0.47%
-56.83
FTSE AIM 100
3,436.50
13:45 10/01/25
n/a
n/a
FTSE AIM 50
3,820.35
13:45 10/01/25
n/a
n/a
FTSE AIM All-Share
717.03
13:45 10/01/25
n/a
n/a
Health Care Equipment & Services
10,739.64
13:44 10/01/25
-1.31%
-142.56
The AIM-traded firm said it has bought a total of 441,973 shares in CareTech for a consideration of £2m.
That resulted in the company being interested in, when taking into account CareTech shares it already held, about 1.23% of CareTech's issued share capital.
“CareTech, which is quoted on AIM, had net assets of £353m as at 31 March and, in the year ended 30 September 2019, had income attributable to its shareholders of £20.1m,” the CIP board said in its statement.