Earnz agrees conditional building-services purchase worth up to £23.55 million
Earnz ($EARN-LSE) signed a conditional agreement to acquire Gem New Co, into which selected GEM Environmental Building Services assets will be transferred. Maximum consideration is £23.55 million: an initial £10 million comprises £4 million cash, £2 million of loan notes and £4 million of shares, with up to £13.55 million of performance-linked deferred payments. The transaction would expand Earnz’s building-maintenance and heat-network work with local authorities. Funding plans include a roughly
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