StockMarketWire.com - Legal and professional services firm Knights said it had exchanged contracts to acquire Nottingham-based law firm Fraser Brown Solicitors for up to £8.3m.

The acquisition, from Fraser Brown's eight existing partners, strengthened Knights' presence in the East Midlands.

The purchase cost included £2.8m in cash, £3.03m in Knights shares and a £2.4m deferred cash amount, subject to certain conditions being met.

Knights also announced that it had agreed a new extended revolving credit facility with HSBC and Allied Irish Bank, providing £40m until June 2023.


At 8:55am: [LON:KGH] Knights Group Holdings PLC share price was +16p at 459p



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