Charles Russell Speechlys acts for CareTech Holdings PLC
The Charles Russell Speechlys Corporate team has recently advised CareTech Holdings PLC (CareTech), a leading provider of specialist social care services in the UK, on its conditional £21m placing of new shares on the AIM market of the London Stock Exchange.
CareTech’s anticipated market capitalisation following the placing will be approximately £130m.
The net proceeds of the placing will be used to support organic growth, to fund bolt-on acquisitions and property purchases and to strengthen the company’s balance sheet.
Completion of the placing is conditional on approval of the requisite shareholder authorities at CareTech’s annual general meeting on 3 March 2015 and admission of the placing shares to trading on AIM is expected to take place on 10 March 2015.
The Charles Russell Speechlys team was led by Corporate Partner Michael Lingens with assistance from Corporate Associate Chris Manning.
News & Insights
Charles Russell Speechlys advises Fit Cloud Technology Ltd on Maven investment
Membr’s innovative fitness platform connects the fitness industry with its members.
Charles Russell Speechlys advises on sale of dental practice Feltham Dental
Feltham Dental was established in 1982, the business is an integral part of the community and has many generations of loyal patients.
Working abroad: unintended consequences
Discovering the implications of working abroad in relation to employment, tax, financial regulations and immigration,