Premier Veterinary Group plc (LSE:PVG) entered into an agreement to acquire The Animal Healthcare Company Ltd. from Denplan Limited for ?3 million on August 11, 2020. Under the agreement, Premier Veterinary Group plc shall pay ?1.53 million in the form of convertible loan and ?1.5 million for the loan of Denplan. The consideration for the Acquisition is subject to adjustment after completion of the Acquisition on the basis of the levels of debt and working capital. For the period ended December 31, 2019, The Animal Healthcare Company Ltd. has reported turnover of ?4.1 million profit of ?2.2 million and net assets of ?0.1 million. The transaction was financed by a convertible loan of ?1.53 million. The transaction is conditional on approval from the shareholders of Premier Veterinary Group plc, customary regulatory approvals, Competition Market Authority and Premier Veterinary Group plc cancelling the standard listing of the Ordinary Shares on the Official List and the cancellation of the admission to trading of the Ordinary Shares on the London Stock Exchange. As of September 2, 2020, Premier Veterinary will hold general meeting on September 24, 2020, for shareholders to vote on acquisition and effective date of delisting has been deferred to September 25, 2020. The Board of Directors of Premier Veterinary Group plc intends to recommends shareholders in favor of the transaction. As of September 24, 2020, shareholders of Premier Veterinary Group plc and CMA approved the transaction. The transaction is expected to complete in November 2020. Mike Coe of WH Ireland Limited acted as financial advisor for Premier Veterinary Group plc. Premier Veterinary Group plc completed the acquisition of The Animal Healthcare Company Limited from Denplan Limited on October 12, 2020.