Hancock & Gore Limited ( (AU:HNG) ) has shared an update.
Hancock & Gore Limited has announced a conditional agreement to acquire the assets of H&G High Conviction Limited, a listed investment company. The acquisition aims to simplify H&G’s structure, increase balance sheet equity, and enhance flexibility for growth, with an expected return of over 15% per annum. The transaction, subject to shareholder approval, involves issuing approximately 63.69 million H&G shares to HCF, representing 11.7% of H&G’s pro-forma shares post-issue.
More about Hancock & Gore Limited
Hancock & Gore Limited is a diversified investment company focused on delivering superior long-term investment returns through a portfolio of operating investments. It holds a leadership position in the school wear segment in the UK, Australia, and New Zealand through its wholly owned businesses, Mountcastle and Schoolblazer.
YTD Price Performance: -15.52%
Average Trading Volume: 102,386
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$117.7M
For an in-depth examination of HNG stock, go to TipRanks’ Stock Analysis page.