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On 31 March 2026, Empresaria Group plc acquired 10% of the issued share capital of its UK subsidiary, Greycoat Placements Limited (GP). The £50,000 cash acquisition was made from Deborah Salter, GP's managing director, resulting in Empresaria owning 100% of GP. GP reported unaudited total assets of £0.46 million and an unaudited adjusted operating profit of £0.41 million for the year ended 31 December 2025, and the transaction was classified as a related-party transaction under AIM Rule 13.
| Date | 31 Mar 2026 |
| Time | 13:37:43 |
| Category | Acquisitions and alliances |
| ID | 8933Y |
31 March 2026
Empresaria Group plc
("Empresaria", the "Company" or the "Group")
Acquisition of minority interest and related party transaction
Empresaria Group plc (AIM: EMR), the international specialist staffing group, announces the acquisition of 10% of the issued share capital of Greycoat Placements Limited ("GP"), a UK subsidiary of the Company (the "Acquisition"). Following completion of the Acquisition, the Company will own 100% of GP.
The shares were acquired from Deborah Salter, the current managing director of GP. Consideration for the Acquisition is £50,000, to be paid in cash from the Group's existing facilities, all payable upon completion of the Acquisition.
GP reported unaudited total assets of £0.46 million for the year ended 31 December 2025 and an unaudited adjusted operating profit of £0.41 million for the same period.
Related Party Transaction
The Company's purchase of the outstanding 10% interest in GP from Deborah Salter, a director of GP, is deemed to be a related-party transaction pursuant to rule 13 of the AIM Rules for Companies. The directors of Empresaria, all of whom are independent of the Acquisition, consider, having consulted with the Company's nominated adviser, Allenby Capital Limited, that the terms of the Acquisition are fair and reasonable insofar as the Company's shareholders are concerned.
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Enquiries:
|
Empresaria Group plc |
via Alma PR |
|
Allenby Capital Limited (Nominated Adviser and Broker) |
020 3328 5656 |
|
Alma Strategic Communications (Financial PR) |
020 3405 0205 |