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Bids, Mergers and Takeovers

1pm Plc completes Tracx Finance Ltd acquisition

08 June 2017 09:25

1pm Plc said that, following admission to trading on AIM of the 28.9m new shares today, the acquisition of Tracx Finance Ltd had now completed.

Tracx Finance was the holding company and 100% shareholder of its trading subsidiary Gener8 Finance Ltd.

Following the completion, Edward Rimmer was today appointed to the board of 1pm as the Managing Director of the Commercial Finance Division and CEO of Gener8 Finance Ltd.

At 9:25am: (LON:OPM) 1pm PLC share price was 0p at 48p

Story provided by StockMarketWire.com

Related Company: OPM

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