Restore completes Wincanton deal

Support services group Restore has completed the acquisition of Wincanton and Wincanton Records Management for a combined £60m.

FTSE AIM 100

3,528.04

15:45 15/11/24

n/a

FTSE AIM All-Share

728.67

15:45 15/11/24

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Restore

273.25p

14:44 15/11/24

0.83%

2.25p

Support Services

10,885.48

15:45 15/11/24

-0.85%

-93.62

The London-listed company first announced the deal last month, when it confirmed the acquisition, which was financed from funds raised through a placing, was still subject to regulatory approval.

In a short statement released on Tuesday, Restore said the deal has now been completed and the admission of 13,076,924 new ordinary shares priced at 5p each was now effective.

Restore shares were down 1.91% to 283.00p at 1559 GMT on Tuesday.