Waterside A62. Vermögensverwaltungsgesellschaft mbH entered into a share purchase agreement to acquire Hemmers Itex Textil Import Export GmbH from Leeds Group plc (AIM:LDSG) for £0.66 million on December 14, 2023. The consideration is based on the net assets of Hemmers as at 30 November 2023, excluding properties, less an agreed discount. Leeds will retain three properties currently owned by Hemmers which have an aggregate net book value of £5,209,000. Completion of the Proposed Sale is conditional upon certain closing conditions, including (amongst others) the approval of the Resolution at the General Meeting and competition clearance by the German Cartel Office which is expected to take approximately 4 to 6 weeks and the transaction is expected to close by January 31, 2024. As on January 9, 2024, at the General Meeting held the Leeds Group shareholders made a resolution in relation to the Proposed Sale of Hemmers, was duly passed. Sandy Jamieson, Liam Murray of Cairn Financial Advisers LLP acted as financial advisor to Leeds Group in this transaction. Burkhard F??hrmeyer, Florian Biesalski, Henriette Norda, Thilo von Bodungen and Sonja Beier of DLA Piper Germany acted as legal advisor to Waterside A62. Vermögensverwaltungsgesellschaft mbH.

Waterside A62. Vermögensverwaltungsgesellschaft mbH completed the acquisition of Hemmers Itex Textil Import Export GmbH from Leeds Group plc (AIM:LDSG) on March 25, 2024.