Judges Scientific PLC Increased shareholding in Bordeaux Acquisition Ltd (1762P)
16 Febrero 2021 - 1:00AM
UK Regulatory
TIDMJDG
RNS Number : 1762P
Judges Scientific PLC
16 February 2021
Press Release 16 February 2021
Judges Scientific plc
("Judges Scientific", "Judges", the "Company" or the
"Group")
Increased shareholding in Bordeaux Acquisition Limited
Judges Scientific, a group focused on acquiring and developing
companies in the scientific instrument sector , announces that it
has increased its interest in its majority owned subsidiary
Bordeaux Acquisition Limited ("Bordeaux") from 75.5% to 88%.
In 2011, Judges purchased Deben UK Limited through Bordeaux, a
newly created buy-out vehicle; Bordeaux was owned by Judges (51%)
and the Deben UK vendors (49%). In 2017, Bordeaux acquired Oxford
Cryosystems Limited and Judges increased its stake to 75.5%.
Judges has now purchased a further 12.5% of Bordeaux's issued
share capital. The price of the transaction was GBP1.8m, based on
an enterprise value of GBP12.9m for 100% of Bordeaux plus excess
cash. In 2020, Bordeaux generated GBP2.8m EBIT.
The Board of Judges expects the transaction to be immediately
earnings enhancing for the Group.
For further information please contact:
Judges Scientific plc Tel: 020 3829 6970
David Cicurel, CEO
Brad Ormsby, FD
Shore Capital (Nominated Adviser & Broker) Tel: 020 7408 4090
Stephane Auton
Edward Mansfield
Sarah Mather
Liberum (Joint Broker) Tel: 020 3100 2222
Bidhi Bhoma
Euan Brown
Alma PR (Financial Public Relations) Tel: 020 3405 0205
Sam Modlin
Justine James
Notes to editors:
Judges Scientific plc (AIM: JDG), is a group focused on
acquiring and developing companies in the scientific instrument
sector . The Group consists of 19 businesses acquired since it was
re-admitted to AIM in 2005.
The acquired companies are primarily UK-based with products sold
worldwide to a diverse range of markets including: higher education
institutions, the scientific communities, manufacturers and
regulatory authorities. The UK is a recognised centre of excellence
for scientific instruments. The Group companies hold five Queen's
Awards for innovation and export.
The Group's companies predominantly operate in global niche
markets, with long term growth fundamentals and resilient
margins.
Judges Scientific maintains a policy of selectively acquiring
businesses that generate sustainable profits and cash. Shareholder
returns are created through the repayment of debt, organic growth
and dividends.
For further information, please visit www.judges.uk.com
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