H&T Group PLC - Acquisition & Trading
Acquisition & Trading Update
The cash consideration (the "Consideration") is circa.
H&T chief executive
H&T has worked quickly to achieve this agreement with Speedloan Finance and kept the
This positive outcome for customers will in the future enable them to redeem or extend their existing pledges through more-conveniently located H&T stores.
H&T continues to trade well and ahead of the board's expectations, whilst also benefitting from the strength of the Group's expanded core pawnbroking and retail business and the recent increase in gold price. Alongside the strong performance of the existing business the Group is pleased with the financially accretive and strategically attractive opportunities that it has executed this year to strengthen its market position, and continues to integrate them within its existing operations. The board is confident that the acquisition of the Assets announced today will further improve profitability for the year as a whole.
Taking all these factors into consideration, the board believes that the business is trading ahead of expectations for the year while remaining conscious of the uncertain macroeconomic climate.
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For further information, please contact:
Tel: 020 8225 2797
Richard Withers, Interim Finance Director
Tel: 020 7260 1000
Luke Bordewich - Nominated Adviser
Tel: +44 (0)20 7562 4444
Brunswick PR (
Tel: +44 (0)20 7404 5959
This information is provided by RNS, the news service of the
Quick facts: H&T GROUP PLC
Market Cap: £127.57 m
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