InfraStrata plc (AIM:INFA) acquired All Assets of Appledore Shipyard Ltd. for £7 million on August 25, 2020. Under the terms of the transaction, InfraStrata will pay a cash consideration of £1.2 million and issue 0.78 million ordinary shares of InfraStrata upon completion. On the first anniversary of completion, InfraStrata will pay £1.2 million in cash and issue ordinary shares equivalent to £0.3 million. On the second anniversary of completion, InfraStrata will pay £1.6 million in cash and issue ordinary shares equivalent to £0.4 million. On the 30th month anniversary of completion, InfraStrata will pay £1.6 million in cash and issue ordinary shares equivalent to £0.4 million. The number of ordinary shares to be issued will be calculated using the Volume Weighted Average Price of InfraStrata's Ordinary Shares for the 14 trading days prior to the third business day before the respective tranche date. Upon completion, assets will be renamed as H&W (Appledore) which will focus on the smaller end of the market. Stephen Keys, Michael Johnson and Cameron MacRitchie of Cenkos Securities plc acted as financial advisor for InfraStrata. InfraStrata plc (AIM:INFA) completed the acquisition of All Assets of Appledore Shipyard Ltd. on August 25, 2020.