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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  CareTech Holdings PLC    CTH   GB00B0KWHQ09

CARETECH HOLDINGS PLC

(CTH)
  Report
Delayed Quote. Delayed London Stock Exchange - 01/29 07:12:53 am
462 GBp   +0.65%
01/13CARETECH : Appointment of Christopher Dickinson as Group CFO
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2019CARETECH : Investment in United Arab Emirates
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2019CARETECH : Preliminary Results
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CareTech : Rule 19.6(c) Confirmation

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10/18/2019 | 02:15am EST

THE FOLLOWING ANNOUNCEMENT IS BEING MADE PURSUANT TO THE REQUIREMENTS OF RULE 19.6(C) OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE 'CODE'), WHICH, INTER ALIA, REQUIRES A PARTY TO AN OFFER TO MAKE AN ANNOUNCEMENT AT THE END OF A PERIOD OF 12 MONTHS FROM THE DATE ON WHICH THE OFFER PERIOD ENDED CONFIRMING WHETHER IT HAS TAKEN, OR NOT TAKEN, THE COURSE OF ACTION SET OUT IN ITS STATED INTENTIONS

18 October 2019

CareTech Holdings PLC

Rule 19.6(c) confirmation with respect to stated post-offer intentions with regard to Cambian Group plc (now known as Cambian Group Limited)

CareTech Holdings PLC ('CareTech') announces that further to the completion of its cash and share offer for Cambian Group plc which was implemented by means of a Court-sanctioned scheme of arrangement under Part 26 of the Companies Act 2006 and which became effective on 18 October 2018, it has duly confirmed in writing to The Panel on Takeovers and Mergers in accordance with the requirements of Rule 19.6(c) of the Code that CareTech has complied with the post-offer statements of intent made pursuant to Rules 2.7(c)(iv) and 24.2 of the Code as detailed in the announcement of 16 August 2018 and the scheme document published on 19 September 2018.

Enquiries:

CareTech

+44 (0)17 0760 1800

Farouq Sheikh, Executive Chairman

Gareth Dufton, Interim Group Finance Director

Buchanan (PR Adviser)

+44 (0)20 7466 5000

Mark Court

Sophie Wills

Tilly Abraham

Panmure Gordon (Nomad and Joint Broker)

+44 (0)20 7886 2500

Emma Earl

Freddy Crossley

Charles Leigh-Pemberton

WH Ireland (Joint Broker)

+44 (0)20 7220 1666

Adrian Hadden

Jessica Cave

Matthew Chan

About CareTech

CareTech Holdings plc is a leading provider of specialist social care and education services, supporting around 4,500 adults and children with a wide range of complex needs in more than 550 residential facilities and specialist schools around the UK and employing approximately 10,000 staff.

Committed to the highest standards of care and care governance, CareTech provides its innovative care pathways covering; Adult learning disabilities and specialist services; Children's residential and education services; and foster care.

CareTech, which was founded in 1993, began trading on the AIM market of the London Stock Exchange in October 2005 under the ticker symbol CTH.

For further information please visit: www.caretech-uk.com

Disclaimer

CareTech Holdings plc published this content on 18 October 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 October 2019 06:13:03 UTC

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Latest news on CARETECH HOLDINGS PLC
01/13CARETECH : Appointment of Christopher Dickinson as Group CFO
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2019CARETECH : Investment in United Arab Emirates
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Financials (GBP)
Sales 2020 427 M
EBIT 2020 69,7 M
Net income 2020 -
Debt 2020 291 M
Yield 2020 2,61%
P/E ratio 2020 16,7x
P/E ratio 2021 12,4x
EV / Sales2020 1,88x
EV / Sales2021 1,81x
Capitalization 512 M
Chart CARETECH HOLDINGS PLC
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Technical analysis trends CARETECH HOLDINGS PLC
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 3
Average target price 527,00  GBp
Last Close Price 459,00  GBp
Spread / Highest target 25,3%
Spread / Average Target 14,8%
Spread / Lowest Target 4,79%
EPS Revisions
Managers
NameTitle
Haroon Rashid Sheikh Chief Executive Officer & Executive Director
Farouq Rashid Sheikh Executive Chairman & Investor Relations Contact
John Joseph Ivers Chief Operating Officer
Christopher Keith Dickinson Group Chief Financial Officer
Junaid Bajwa Clinical Director
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