Animalcare Group arrived on AIM yesterday after Ritchey plc completed the acquisition of the Animalcare Limited, moved from PLUS to AIM and renamed the Company to Animalcare Group plc. Ritchey plc paid £13.4 million for Animalcare, which was met through a new £8.2 million banking facility and the issue of approximately 13.6 million shares at 55 pence to raise £6.4 million net of expenses.
Animalcare Group supplies a range of products to the livestock and agricultural industry, including ear tags for cattle, identification chips, cleaning products, and equine health and grooming products.