StockMarketWire.com - Dignity has agreed to acquire five crematoria currently operated by Funeral Services Limited (trading as Co-op Funeralcare) for GBP43 million in cash. These crematoria are located in markets not served by existing Dignity crematoria.

Of the crematoria acquired, three locations are freehold (Glasgow, Sheffield and Lichfield), with the other two leased from and managed on behalf of local authorities (Shropshire and Stockport).

Completion of the acquisition of the freehold locations is conditional upon the transfer of trade and assets of the relevant locations to a new entity, which is expected to complete on or around 5 July.

Completion of the acquisition of the leasehold locations is conditional upon consent of the relevant Local Authority and transfer of the trade and assets of the location to a new entity.

Consequently, one leasehold location is anticipated to complete on or around 25 July 2016, with the other leasehold location due to complete on or around 1 August 2016.


At 9:03am: [LON:DTY] Dignity PLC share price was -2.5p at 2547.5p



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