Date: Thursday 16 Feb 2012
LONDON (ShareCast) - 4imprint, the promotions company, is to sell its Brand Addition business to the private equity firm HIG Capital for £24m.
Brand Additions supplies promotional merchandise to medium and large businesses usually as part of an outsourcing arrangement.
For the six months ended July 2nd 2011, Brand Addition’s unaudited revenue was £28.51m and unaudited operating profit was £2.04m.
Of the £24m total, £22.75m will be paid up front with a further £1.25m in a year’s time.
4imprint says it will use £12m of the proceeds to reduce the risk of its defined benefit pension scheme, with the remainder to be spent for general corporate purposes.
The stock had gained 2.7% by 10.44. Over the last 12 months 4imprint shares are up 7.2%,
BS
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Currency | UK Pounds |
Share Price | 6,170.00p |
Change Today | -40.00p |
% Change | -0.64 % |
52 Week High | 6,540.00 |
52 Week Low | 4,255.00 |
Volume | 82,139 |
Shares Issued | 28.17m |
Market Cap | £1,738.25m |
RiskGrade | 200 |
Value |
---|
Price Trend |
---|
Income |
---|
Growth |
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Strong Buy | 4 |
Buy | 1 |
Neutral | 1 |
Sell | 0 |
Strong Sell | 0 |
Total | 6 |
Latest | Previous | |
---|---|---|
Final | Interim | |
Ex-Div | 02-May-24 | 17-Aug-23 |
Paid | 03-Jun-24 | 15-Sep-23 |
Amount | 117.00p | 50.80p |
Time | Volume / Share Price |
16:50 | 60 @ 6,138.70p |
16:50 | 60 @ 6,144.85p |
16:37 | 400 @ 6,165.80p |
16:36 | 5,970 @ 6,152.58p |
16:36 | 5,970 @ 6,152.58p |
CEO | Kevin Lyons-Tarr |
CFO | David Seekings |
Chair | Paul Moody |
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