Facilities by ADF plc (AIM:ADF) acquired Location One Ltd for £10.4 million on November 30, 2022. The consideration of £4.43 million to be paid in cash alongside issue of 3,407,419 new ADF ordinary shares, subject to lock-in agreements. Additional contingent earn out consideration of up to £4.06 million, payable in cash instalments subject to business performance thresholds over a 36-month period. The cash consideration will be funded from ADF's existing cash resources. For the year ended 30 September 2022, Location One generated unaudited revenues of £9.24 million and an adjusted EBITDA of £2.08 million. Location One Ltd will retain its name. Crispin, Carly and James will continue to lead Location One Ltd. Ben Jeynes, Max Gould and Alex Pollen of Cenkos Securities plc acted as Nominated financial Adviser and Broker to Facilities by ADF plc. Josh Royston of Alma PR acted as financial public relation advisor to Facilities by ADF plc (AIM:ADF). Geert Struyven, Simon Crookston, Lewis Clarke, Peter Bowles and Jon Pena. of Crowe U.K. LLP provided due diligence services to Facilities by ADF plc.

Facilities by ADF plc (AIM:ADF) completed the acquisition of Location One Ltd on November 30, 2022.