LONDON - Mpac Group plc (AIM: MPAC), known for its high-speed packaging and automation solutions, has finalized the acquisition of CSi Palletising. The transaction was completed with the issuance of 1,039,500 Consideration Shares to the sellers, contingent upon the shares being admitted to trading on the AIM market of the London Stock Exchange (LON:LSEG).
The expected admission of the new shares to trading is scheduled for 8.00 a.m. on December 2, 2024. Upon admission, Mpac's issued ordinary share capital will increase to 30,073,273 Ordinary Shares, all carrying voting rights. Consequently, the total number of voting rights in the company will be 30,073,273. This figure is relevant for shareholders who need to disclose changes in their shareholding in the company.
The acquisition of CSi Palletising is part of Mpac's strategic expansion. CSi Palletising has been recognized for its expertise in providing palletizing solutions across various industries. This move is expected to enhance Mpac's product offerings and market reach.
The details of the transaction were outlined in a circular previously issued by Mpac on October 2, 2024, which included information about the placing, the retail offer, and the acquisition process.
William Wilkins, Group Finance Director of Mpac, is responsible for the release of this announcement. The information provided is based on a press release statement from Mpac Group plc.
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