All Things Considered Group Plc (OFEX:ATC) acquired 55% stake in Raw Power Management Limited from Craig Jennings, Matthew Ash, Don Jenkins, Andy Taylor and Rod Smallwood for £1.4 million on May 16, 2024. Jennings, Matthew Ash, Don Jenkins, Andy Taylor and Rod Smallwood, all of whom will retain an interest in Raw Power following completion of the Acquisition. Craig Jennings, Matthew Ash and Don Jenkins have each agreed three-year service contracts with ATC following completion of the Acquisition. For the year ended February 28, 2023, Raw Power's revenue was £2.271 million and profit before tax was £0.326 million. The consideration of £1.41 million for the Acquisition will be paid in full upon completion and will be financed through the Group's existing cash resources. In addition, pursuant to the Acquisition, All Things Considered Group has committed a loan facility to Raw Power of up to £1.33 million to enable Raw Power to satisfy certain outstanding liabilities as they fall due. The Loans will bear interest of 5 per cent. per annum and will be repaid from the future profits of Raw Power before any dividend is declared. James Sinclair-Ford, Mark Rogers and Hugh Rich of Panmure Gordon (UK) Limited acted as financial advisor to All Things Considered Group.

All Things Considered Group Plc (OFEX:ATC) completed the acquisition of 55% stake in Raw Power Management Limited from Craig Jennings, Matthew Ash, Don Jenkins, Andy Taylor and Rod Smallwood on May 16, 2024.