The FX PostThe FX Post
    What's Hot

    RICH Miner leads the Ripple cloud mining revolution – converting XRP into daily stable income

    July 14, 2025

    GCCI hosts strategic meeting with APMIA Chairman – Daily Times

    July 13, 2025

    Bitcoin surge triggers investment boom in Europe and America, investors flock to Mint Miner

    July 12, 2025
    The FX Post The FX Post
    • Best Fx Robots
    • Forex
      • News
      • Forex 101
      • Forex Forecasts
      • Broker Reviews
    • Crypto
      • News
      • Crypto 101
      • Crypto Forecasts
      • Crypto Reviews
    • Indices
      • News
      • Analysis
      • Commodities
      • Reviews
    • Automated Trading
      • Forex Signals
      • Forex Robots
      • Copy Trading
    • Top
      • Best Forex Robots
    The FX PostThe FX Post
    Home ยป Roebuck Food Group Plans Share Placement for Food Distribution Acquisition
    News

    Roebuck Food Group Plans Share Placement for Food Distribution Acquisition

    November 3, 20231 Min Read
    Facebook Twitter Pinterest LinkedIn Reddit
    Share
    Facebook Twitter LinkedIn Pinterest Reddit

    Roebuck Food Group, a London-listed company, has announced its intention to raise up to 2.5 million pounds ($3.1 million) through a discounted share placing. This move comes after the company conditionally agreed to acquire food distribution business Moorhead & McGavin for GBP2.225 million.

    Share Placement Details

    The company plans to place shares at a price of 13.5 pence each, representing a 10% discount to the stock’s closing price of 15.0 pence on Thursday. The proceeds from the share placement will be primarily used to fund the acquisition and fulfill general working capital requirements.

    Approval Process

    The equity raise is contingent upon receiving approval for the acquisition. Shareholders will have the opportunity to vote on the matter at an extraordinary general meeting scheduled for Dec. 1.

    Acquisition Details

    Roebuck Food Group will pay GBP2.075 million in cash for Moorhead & McGavin, with an additional GBP150,000 to be paid through the issuance of new shares.

    Moorhead & McGavin’s Performance

    Moorhead & McGavin, a supplier of pulses, cereals, pasta, and rice to the food service industry, reported revenue of GBP7.3 million in 2022. Its earnings before interest, taxes, depreciation, and amortization stood at GBP377,000, according to Roebuck.

    Markets are invaded by algorithms
    Secure your passive income with algo-based trading systems
    Learn more
    acquisition Food Group Moorhead & McGavin Roebuck share placement
    Share. Facebook Twitter Pinterest LinkedIn Reddit

    Related Posts

    RICH Miner leads the Ripple cloud mining revolution – converting XRP into daily stable income

    July 14, 2025

    GCCI hosts strategic meeting with APMIA Chairman – Daily Times

    July 13, 2025

    Bitcoin surge triggers investment boom in Europe and America, investors flock to Mint Miner

    July 12, 2025

    Bitcoin Hits Record $113K as $575M in Shorts Get Liquidated – TokenPost

    July 11, 2025
    Add A Comment

    Leave A Reply Cancel Reply

      −  4  =  1

    Best FX Post
    Best Forex Robots (Expert Advisors) 2021

    Best Forex Robots (Expert Advisors) 2022: Passive Income From Algo Trading Systems

    July 7, 2021

    Top 10 Lending Platforms for Crypto Loans

    June 1, 2022
    forex eurusd trading charts

    Top 10 Best Forex Brokers In All Times

    June 1, 2022
    Recent Posts
    • RICH Miner leads the Ripple cloud mining revolution – converting XRP into daily stable income
    • GCCI hosts strategic meeting with APMIA Chairman – Daily Times
    • Bitcoin surge triggers investment boom in Europe and America, investors flock to Mint Miner
    • Bitcoin Hits Record $113K as $575M in Shorts Get Liquidated – TokenPost
    • Govt enacts law to regulate VAs, plans pilot for digital currency – Daily Times
    Featured Reviews

    Traders Connect Review

    May 18, 2023

    System Levels Review

    May 26, 2023
    TechBerry

    TechBerry Review: Pros, Cons, Recommendations

    September 18, 2021
    Categories
    • Analysis
    • Automated Trading
    • Best FX Post
    • Broker Reviews
    • Commodities
    • Copy Trading
    • Crypto
    • Crypto 101
    • Crypto Bots
    • Crypto Forecasts
    • Crypto Reviews
    • Crypto Robot
    • Forex
    • Forex 101
    • Forex Forecasts
    • Forex Robots
    • Forex Signals
    • Forex Signals
    • Guides
    • Indices
    • News
    • News
    • News
    • News
    • Reviews
    • Reviews
    • Uncategorized
    Twitter BlogLovin
    © 2025, Thefxpost.com.
    • Contact

    Type above and press Enter to search. Press Esc to cancel.