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    MRL   GB00BD8SLV43

MARLOWE PLC

(MRL)
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Marlowe plc acquired Law At Work Limited for an enterprise value of £10.3 million.

12/03/2019 EST

Marlowe plc (AIM:MRL) acquired Law At Work (Holdings) Limited for an enterprise value of £10.3 million on December 3, 2019. The total consideration includes an initial consideration of £6.3 million and a contingent consideration which is expected to be approximately £4.0 million over three years dependent on the achievement of profit targets. The acquisition will be funded from the Group's existing cash and debt facilities. For the year to May 31, 2019, LAW generated revenues of £5.4 million, EBITDA of £1.2 million and profit before tax of £1.0 million. LAW’s senior management team will also remain in place and will continue to operate under the LAW brand. All 70 staff across each of our four offices will remain within the company. Nicholas Wells, Ben Jeynes and Harry Hargreaves of Cenkos Securities acted as financial advisor to Marlowe. Marlowe plc (AIM:MRL) completed the acquisition of Law At Work (Holdings) Limited on December 3, 2019. As of April 1, 2021, final contingent consideration of £4.3 million, including the issue of 153,923 new ordinary shares of 50 pence each in the Group at an effective issue price of 717 pence per ordinary share will be issued. David Beveridge and Colm Kerr of Macdonald Henderson acted as legal advisor to Law At Work (Holdings) Limited. Neil Grimmond of Craig Corporate Limited acted as financial advisor to Law At Work (Holdings) Limited. David Bowcock and Adam Jones of Fieldfisher LLP acted as legal advisor to Marlowe plc.


© S&P Capital IQ 2019
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Financials
Sales 2022 298 M 395 M 395 M
Net income 2022 3,45 M 4,57 M 4,57 M
Net Debt 2022 87,9 M 117 M 117 M
P/E ratio 2022 215x
Yield 2022 -
Capitalization 765 M 1 012 M 1 015 M
EV / Sales 2022 2,87x
EV / Sales 2023 2,42x
Nbr of Employees 3 000
Free-Float 73,5%
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Technical analysis trends MARLOWE PLC
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Mean consensus BUY
Number of Analysts 5
Last Close Price 926,00 GBX
Average target price 1 060,40 GBX
Spread / Average Target 14,5%
EPS Revisions
Managers and Directors
Alexander Peter Dacre Chief Executive Officer & Director
Adam Thomas Councell Chief Financial Officer
Kevin Quinn Non-Executive Chairman
Charles Anthony Lawrence Skinner Independent Non-Executive Director
Peter Michael Reeder Gaze Independent Non-Executive Director
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