Wilmington PLC - London-based provider of information and training for governance and risk & compliance - Sells its UK healthcare business for up to GBP26.3 million to Inspirit Franklin Holdings Ltd, an entity owned by funds managed by Inspirit Capital. Explains that this disposal completes the sale of its European healthcare businesses, following the disposal of its French healthcare firm in April for EUR26 million. The total consideration across the two transactions is up to GBP48.5 million.

For this transaction, the initial consideration is for GBP21.3 million, comprising GBP4.8 million in cash, with the balance satisfied through the issue by the purchaser of secured loan notes. The total consideration will increase by up to GBP5.1 million, subject to the UK healthcare business achieving certain earnings before interest, tax, depreciation and amortisation targets.

Current stock price: 405.50 pence

12-month change: up 43%

By Holly Beveridge, Alliance News senior reporter

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