Tekmar Group Finalizes Ryder Geotechnical Acquisition with New Share Issue

Tekmar Group plc ( (GB:TGP) ) just unveiled an announcement.

Tekmar Group plc has announced the issuance of 347,222 ordinary shares as part of the acquisition of the remaining 20% of Ryder Geotechnical. This transaction strengthens Tekmar’s ownership structure and reflects its strategy to enhance its engineering solutions offering. The newly issued shares are expected to commence trading on AIM by 10 January 2025, and they will be integrated into the company’s existing share capital, bringing the total to 137,617,201 shares. This development is likely to have implications for shareholders under the FCA’s Disclosure and Transparency Rules, as it impacts voting rights and shareholding notifications.

More about Tekmar Group plc

Tekmar Group plc is a leader in providing engineering solutions and technology for the global offshore energy market, specializing in offshore wind farms and marine infrastructure protection. With nearly 40 years of experience, the company focuses on reducing project risks, improving safety, and lowering costs through its Offshore Energy and Marine Civils Divisions. Tekmar operates globally with a presence in 18 locations across Europe, Africa, the Middle East, Asia Pacific, and North America.

YTD Price Performance: -4.00%

Average Trading Volume: 65,884

Technical Sentiment Consensus Rating: Buy

Current Market Cap: £8.24M

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