Business
Completion of the acquisition of Balu Limited
Completion of the acquisition of Balu Limited.
About this update from Flowtech Fluidpower Plc
[{"type":"text","content":"\n \nRNS Number : 3372I Flowtech Fluidpower PLC 20 March 2018 \n\n20 March 2018\n \nTHIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA, THE REPUBLIC OF IRELAND, NEW ZEALAND OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.\nTHIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT CONSTITUTE OR CONTAIN ANY INVITATION, SOLICITATION, RECOMMENDATION, OFFER OR ADVICE TO ANY PERSON TO SUBSCRIBE FOR, OTHERWISE ACQUIRE OR DISPOSE OF ANY SECURITIES IN FLOWTECH FLUIDPOWER PLC OR ANY OTHER ENTITY IN ANY JURISDICTION. \nThe information contained within this announcement is deemed by the Company to constitute inside information stipulated under the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.\n \n \nFlowtech Fluidpower plc\n(\"Flowtech\", the \"Group\" or the \"Company\")\n \nCompletion of the acquisition of Balu Limited\n \nAnd\n \nTotal Voting Rights\n \nFlowtech (AIM: FLO), the specialist technical fluid power products supplier, is pleased to announce that following completion of the Firm Placing announced on 14 March 2018 and the satisfaction of the condition detailed in the Acquisition Agreement, described in the circular dated 14 March 2018, it has completed the acquisition of Balu Limited. \nApplication has been made for the 292,942 Acquisition Shares described in the circular dated 14 March 2018 to be admitted to trading on AIM at 8.00 a.m. on 21 March 2018 (\"Admission\").\nTotal Voting Rights\nFollowing Admission, the total number of ordinary shares and voting rights in the Company will be 56,347,226. The Company does not hold any shares in treasury. \nThe above figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.\nCapitalised terms used and not defin...