Lok’nStore Group plc (GB:LOK) has released an update.
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Shurgard Self Storage Limited has successfully agreed to acquire Lok’nStore Group PLC, with the transaction being facilitated through a Court-sanctioned scheme of arrangement. Lok’nStore has issued and admitted 1,175,063 new shares to trading on AIM, with option holders, including directors, exercising options for a total of 1,798,275 shares as part of the acquisition terms. The company confirms a total of 34,702,587 ordinary shares are now in issue, with the acquisition set to change the landscape of ownership for the self-storage company.
For further insights into GB:LOK stock, check out TipRanks’ Stock Analysis page.
