Derby care provider suspends shares as it prepares London swoop
Totally, the out-of-hospital care provider which recently relocated its headquarters from London to Derby, has confirmed it is in the “advanced stages” of a deal to buy Greenbrook Healthcare, a provider of urgent care centres in London.
The firm says it will fund the acquisition through a equity raising exercise.
A statement from Totally said: “The Proposed Acquisition would constitute a reverse takeover under rule 14 of the AIM Rules for Companies. The Proposed Acquisition will be subject, inter alia, to shareholder approval, the entering into and completion of a share purchase agreement and raising the funds necessary to finance the Proposed
Acquisition. As such, there is no certainty that the Proposed Acquisition will proceed nor any certainty regarding the terms on which it would proceed.”
Trading in Totally’s shares was suspended at 4.10pm last Friday (17 May) following the news.
The statement added: “The company will release further announcements as and when appropriate.”
Totally announced earlier this month that it was moving its head office operations out of London to Derby’s Cardinal Square scheme in a deal brokered by Rigby & Co.
