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Byotrol

  • BY: Andrew Hore |
  • POSTED: 03/10/2013 |

Antimicrobial technology developer Byotrol is buying out its joint venture partner in Byotrol Consumer Products.

Byotrol is issuing 33.7m shares to ?What If! Innovation and the other vendors. for the 50% stake in BCP and these shares have to be retained for 24 months. Intra-group debt is being waived. 

BCP made a profit of £134,000 on revenues of £858,000 in the year to March 2013. Byotrol recognised 50% of that profit but still made a 2012-13 loss of £1.7m. A £500,000 loss is forecast for 2013-14.

At 6.5p a share, the consideration is worth £2.2m and Byotrol will be valued at £11.9m.

Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFSeptember2013_48.pdf

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