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
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17:09 25/04/24
-0.94%
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FTSE AIM 100
3,628.91
16:49 25/04/24
n/a
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FTSE AIM 50
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Health Care Equipment & Services
11,737.57
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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.