Duyuru • May 01
Likewise Group Plc, Annual General Meeting, Jun 17, 2026 Likewise Group Plc, Annual General Meeting, Jun 17, 2026. Location: unit 4 radial park, solihull parkway, birmingham business park, solihull b37 7wn, United Kingdom Reported Earnings • Apr 30
Full year 2025 earnings released: EPS: UK£0.004 (vs UK£0.003 in FY 2024) Full year 2025 results: EPS: UK£0.004 (up from UK£0.003 in FY 2024). Revenue: UK£163.1m (up 8.9% from FY 2024). Net income: UK£888.8k (up 15% from FY 2024). Profit margin: 0.5% (in line with FY 2024). Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Duyuru • Apr 30
Likewise Group plc Recommends Final Dividend for the Year Ended 31 December 2025, Payable on 10 July 2026 Likewise Group Plc recommended a final dividend increase of 10% to 0.275 pence per ordinary share be paid. The final dividend will be paid, subject to shareholders' approval at the Annual General Meeting on 17 June 2026. The total dividend will increase 10% to 0.4125 pence per ordinary share. This dividend has not been included as a liability in these financial statements. The final dividend will be paid on Friday, 10 July 2026 to shareholders on the register at the close of business on 29 May 2026, the ex-dividend date being 28 May 2026. Duyuru • Apr 21
Likewise Group Plc to Report Fiscal Year 2025 Final Results on Apr 28, 2026 Likewise Group Plc announced that they will report fiscal year 2025 final results at 8:00 AM, GMT Standard Time on Apr 28, 2026 New Risk • Mar 29
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Large one-off items impacting financial results. Market cap is less than US$100m (UK£51.4m market cap, or US$68.2m). New Risk • Feb 17
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: UK£200k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Significant insider selling over the past 3 months (UK£200k sold). Market cap is less than US$100m (UK£62.7m market cap, or US$85.0m). Buy Or Sell Opportunity • Jan 20
Now 21% undervalued Over the last 90 days, the stock has risen 6.3% to UK£0.27. The fair value is estimated to be UK£0.34, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 6.9% in a year. Earnings are forecast to grow by 35% in the next year. Buy Or Sell Opportunity • Nov 19
Now 30% undervalued after recent price drop Over the last 90 days, the stock has fallen 3.9% to UK£0.24. The fair value is estimated to be UK£0.35, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 6.9% in a year. Earnings are forecast to grow by 35% in the next year. Declared Dividend • Sep 11
First half dividend of UK£0.0014 announced Shareholders will receive a dividend of UK£0.0014. Ex-date: 9th October 2025 Payment date: 14th November 2025 Dividend yield will be 1.4%, which is lower than the industry average of 4.6%. Sustainability & Growth Dividend is covered by both earnings (71% earnings payout ratio) and cash flows (15% cash payout ratio). The dividend has decreased over the past 36 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 76% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Sep 10
First half 2025 earnings released: EPS: UK£0.001 (vs UK£0.001 loss in 1H 2024) First half 2025 results: EPS: UK£0.001 (up from UK£0.001 loss in 1H 2024). Revenue: UK£77.9m (up 10% from 1H 2024). Net income: UK£229.7k (up UK£558.8k from 1H 2024). Profit margin: 0.3% (up from net loss in 1H 2024). Revenue is forecast to grow 6.3% p.a. on average during the next 2 years, compared to a 5.8% growth forecast for the Retail Distributors industry in Europe. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Duyuru • Aug 07
Likewise Group Plc has completed a Follow-on Equity Offering in the amount of £1.375 million. Likewise Group Plc has completed a Follow-on Equity Offering in the amount of £1.375 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 5,500,000
Price\Range: £0.25
Transaction Features: Subsequent Direct Listing Duyuru • Jun 27
Likewise Group Plc to Report First Half, 2025 Results on Sep 09, 2025 Likewise Group Plc announced that they will report first half, 2025 results on Sep 09, 2025 Recent Insider Transactions • May 23
Independent Non-Executive Chairman recently bought UK£95k worth of stock On the 16th of May, Paramjit Bassi bought around 500k shares on-market at roughly UK£0.19 per share. This transaction amounted to 17% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth UK£265k. Despite this recent buy, Paramjit has been a net seller over the last 12 months, reducing personal holdings by UK£223k. Duyuru • May 19
Likewise Group Plc, Annual General Meeting, Jun 27, 2025 Likewise Group Plc, Annual General Meeting, Jun 27, 2025. Location: unit 4 radial park, solihull parkway, birmingham business park, solihull b37 7wn, United Kingdom Declared Dividend • May 14
Final dividend of UK£0.0025 announced Dividend of UK£0.0025 is the same as last year. Ex-date: 5th June 2025 Payment date: 11th July 2025 Dividend yield will be 1.9%, which is lower than the industry average of 4.6%. Sustainability & Growth Dividend is covered by both earnings (71% earnings payout ratio) and cash flows (17% cash payout ratio). The dividend has decreased over the past 36 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 70% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • May 13
Full year 2024 earnings released: EPS: UK£0.003 (vs UK£0.003 in FY 2023) Full year 2024 results: EPS: UK£0.003 (in line with FY 2023). Revenue: UK£149.8m (up 7.3% from FY 2023). Net income: UK£774.6k (down 8.2% from FY 2023). Profit margin: 0.5% (down from 0.6% in FY 2023). Revenue is forecast to grow 6.9% p.a. on average during the next 2 years, compared to a 5.0% growth forecast for the Retail Distributors industry in Europe. Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Duyuru • May 12
Likewise Group plc Proposes Final Dividend for Fiscal Year 2024, Payable on July 11, 2025 Likewise Group Plc proposed a Final Dividend payment of 0.25 pence per ordinary share (FY23: 0.25 pence per ordinary share). This makes the total dividend paid in respect of the year 0.375 pence per ordinary share (2023: 0.35 pence per ordinary share). This is a 7.1% increase on the Total Dividend in respect of FY23, an encouraging reflection of the financial performance in 2024. The final dividend, if approved by shareholders at the AGM, will be paid on 11 July 2025 to shareholders on the register at the close of business on 6 June 2025, the ex-dividend date being 5 June 2025. Duyuru • May 08
Likewise Group Plc to Report Fiscal Year 2024 Final Results on May 12, 2025 Likewise Group Plc announced that they will report fiscal year 2024 final results at 8:00 AM, GMT Standard Time on May 12, 2025 New Risk • Apr 19
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Large one-off items impacting financial results. Significant insider selling over the past 3 months (UK£510k sold). Market cap is less than US$100m (UK£43.7m market cap, or US$58.1m). Duyuru • Apr 08
Likewise Group Plc Provides Group Earnings Guidance for the Year 2025 Likewise Group Plc provided group earnings guidance for the year 2025. Whilst January and February are traditionally lower trading months, March and the forthcoming months will benefit from the operational gearing effect which was also successfully delivered in second half of 2024. This should take the Group to a higher level of profitability as reflected in current market forecasts for 2025. Recent Insider Transactions • Apr 06
CEO & Director recently sold UK£165k worth of stock On the 1st of April, Anthony Brewer sold around 1m shares on-market at roughly UK£0.16 per share. This transaction amounted to 3.5% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth UK£265k. Anthony has been a net seller over the last 12 months, reducing personal holdings by UK£100k. New Risk • Feb 20
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.9% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (UK£49.3m market cap, or US$62.3m). Recent Insider Transactions • Nov 01
Non-Executive Director recently sold UK£1.4m worth of stock On the 25th of October, Andrew James Simpson sold around 9m shares on-market at roughly UK£0.15 per share. This transaction amounted to 46% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of UK£1.9m more than they bought in the last 12 months. Reported Earnings • Oct 02
Full year 2023 earnings released: EPS: UK£0.003 (vs UK£0.003 loss in FY 2022) Full year 2023 results: EPS: UK£0.003 (up from UK£0.003 loss in FY 2022). Revenue: UK£139.5m (up 13% from FY 2022). Net income: UK£844.0k (up UK£1.68m from FY 2022). Profit margin: 0.6% (up from net loss in FY 2022). Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 1.6% decline forecast for the Retail Distributors industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings. Declared Dividend • Oct 02
Final dividend increased to UK£0.0013 Dividend of UK£0.0013 is 25% higher than last year. Ex-date: 10th October 2024 Payment date: 15th November 2024 Dividend yield will be 2.3%, which is lower than the industry average of 4.6%. Sustainability & Growth The dividend has decreased over the past 26 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 12% to bring the payout ratio under control. However, EPS has declined by 61% over the last 5 years so the company would need to reverse this trend. Board Change • Oct 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. Independent Non-Executive Director Mike Steventon was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Duyuru • Aug 30
Likewise Group Plc to Report First Half, 2024 Results on Sep 30, 2024 Likewise Group Plc announced that they will report first half, 2024 results on Sep 30, 2024 Duyuru • Jul 22
Likewise Group Plc (AIM:LIKE) commences an Equity Buyback Plan for 24,528,348 shares, representing 10% of its issued share capital, under the authorization approved on June 20, 2024. Likewise Group Plc (AIM:LIKE) commences share repurchases on July 18, 2024, under the program mandated by the shareholders in the Annual General Meeting held on June 20, 2024. As per the mandate, the company is authorized to repurchase up to 24,528,348 shares, representing 10% of its issued share capital. The minimum price (exclusive of expenses) which may be paid for each ordinary share is its nominal value and the maximum price which may be paid for each ordinary share is the higher an amount equal to 105% of the average of the middle market quotations for an ordinary share as derived from the London Stock Exchange Daily Official List of the UK Listing Authority for the five business days immediately preceding the day on which the ordinary share is contracted to be purchased and an amount equal to the higher of the price of the last independent trade of an ordinary share and the current highest independent bid for an ordinary share as derived from the London Stock Exchange Trading System. The shares purchased will be held as treasury shares which may subsequently be cancelled, sold for cash or used to satisfy share options and share awards under a company’s employee share scheme. The authority shall expire at the conclusion of the next Annual General Meeting of the company, or, if earlier, 15 months from the date of the AGM. As of May 17, 2024, the company had 245,283,480 shares issued.
On July 16, 2024, the company announces a share repurchase program. Under the program, the company will repurchase up to £ 0.25 million worth of its shares. Shares will be repurchased using company's existing cash resources. The shares repurchased will be initially held in treasury and then may be cancelled periodically. The program is valid till August 30, 2024. Duyuru • Jun 21
Likewise Group plc Approves Interim Dividend Likewise Group Plc at the Annual General Meeting held on 20 June 2024 approved to declare an interim dividend of 0.25 pence per share. Recent Insider Transactions • May 29
Independent Non-Executive Chairman recently sold UK£318k worth of stock On the 24th of May, Paramjit Bassi sold around 2m shares on-market at roughly UK£0.16 per share. This transaction amounted to 40% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Paramjit's only on-market trade for the last 12 months. Duyuru • May 26
Likewise Group Plc, Annual General Meeting, Jun 20, 2024 Likewise Group Plc, Annual General Meeting, Jun 20, 2024. Location: unit 4 radial park, solihull parkway, birmingham business park, solihull b37 7wn, United Kingdom Declared Dividend • May 22
Final dividend of UK£0.0025 announced Shareholders will receive a dividend of UK£0.0025. Ex-date: 30th May 2024 Payment date: 5th July 2024 Dividend yield will be 2.2%, which is lower than the industry average of 4.6%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (12% cash payout ratio). The dividend has decreased over the past 26 years, indicating a lack of growth and stability in payments. Reported Earnings • May 21
Full year 2023 earnings released Full year 2023 results: Revenue: UK£139.5m (up 13% from FY 2022). Net income: UK£844.0k (up UK£1.68m from FY 2022). Profit margin: 0.6% (up from net loss in FY 2022). Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Retail Distributors industry in the United Kingdom. Duyuru • May 08
Likewise Group Plc to Report Fiscal Year 2023 Results on May 20, 2024 Likewise Group Plc announced that they will report fiscal year 2023 results on May 20, 2024 New Risk • Apr 16
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Significant insider selling over the past 3 months (UK£391k sold). Market cap is less than US$100m (UK£41.7m market cap, or US$51.8m). Recent Insider Transactions • Mar 21
Member of Executive Board recently bought UK£93k worth of stock On the 18th of March, James Kellett bought around 500k shares on-market at roughly UK£0.19 per share. This transaction amounted to 10% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold UK£198k more in shares than they bought in the last 12 months. Recent Insider Transactions • Mar 06
CEO & Director recently sold UK£279k worth of stock On the 4th of March, Anthony Brewer sold around 2m shares on-market at roughly UK£0.18 per share. This transaction amounted to 5.3% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Anthony has been a net seller over the last 12 months, reducing personal holdings by UK£231k. Duyuru • Dec 06
Likewise Group plc Provides Sales Guidance for the Year 2024 Likewise Group Plc provided sales guidance for the year 2024. The company has undoubtedly increased market share during 2023 and with capacity in the Logistics Network developed over the last three years, can look forward to further growth in 2024, towards the Group's medium term ambition of exceeding £200 million Annual Sales Revenue. Reported Earnings • Oct 01
First half 2023 earnings released: UK£0.002 loss per share (vs UK£0 in 1H 2022) First half 2023 results: UK£0.002 loss per share (further deteriorated from UK£0 in 1H 2022). Revenue: UK£66.6m (up 17% from 1H 2022). Net loss: UK£490.0k (down UK£575.9k from profit in 1H 2022). Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Retail Distributors industry in the United Kingdom. New Risk • Sep 17
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-UK£3.3m free cash flow). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Market cap is less than US$100m (UK£47.6m market cap, or US$58.9m). New Risk • Sep 01
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-UK£3.3m free cash flow). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Share price has been volatile over the past 3 months (7.0% average weekly change). Market cap is less than US$100m (UK£43.9m market cap, or US$55.3m). Duyuru • Jun 29
Likewise Group Plc to Report First Half, 2023 Results on Sep 29, 2023 Likewise Group Plc announced that they will report first half, 2023 results on Sep 29, 2023 Duyuru • May 17
Likewise Group Plc, Annual General Meeting, Jun 27, 2023 Likewise Group Plc, Annual General Meeting, Jun 27, 2023. Agenda: To consider dividend. Reported Earnings • May 17
Full year 2022 earnings: Revenues in line with analyst expectations Full year 2022 results: Revenue: UK£123.6m (up 104% from FY 2021). Net loss: UK£836.3k (loss widened 475% from FY 2021). Revenue was in line with analyst estimates. Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the Retail Distributors industry in the United Kingdom. Duyuru • May 16
Likewise Group Plc Proposes Final Dividend, Payable on 7 July 2023 Likewise Group Plc proposed a final dividend payment of 0.2 pence per ordinary share. This is consistent with the previous 2022 Interim Dividend, which as previously announced, was reflective of the financial performance in 2021. Shareholders can also take advantage of the Dividend Reinvestment Plan ("DRIP") by registering their intentions with the Company's registrar by 16 June 2023. The final dividend, if approved by shareholders at the AGM, will be paid on 7 July 2023 to shareholders on the register at the close of business on 2 June 2023, the ex-dividend date being 1 June 2023. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Mike Steventon was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 26
First half 2022 earnings released: EPS: UK£0 (vs UK£0.002 in 1H 2021) First half 2022 results: EPS: UK£0 (down from UK£0.002 in 1H 2021). Revenue: UK£58.4m (up 108% from 1H 2021). Net income: UK£85.9k (down 72% from 1H 2021). Profit margin: 0.1% (down from 1.1% in 1H 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Retail Distributors industry in the United Kingdom. Duyuru • Jul 01
Likewise Group plc Approves Interim Dividend Likewise Group plc at its Annual General Meeting held on June 30, 2022, approved to declare an interim dividend of 0.2 pence per share. Duyuru • Jun 30
Likewise Group plc Provides Revenue Guidance for the Six Months Ended June 30, 2022 Likewise Group plc provided revenue guidance for the six months ended June 30, 2022. Whilst the general economic position and weakness in consumer spending is well publicised, Sales Revenue in the 6 months to 30 June 2022 will be £57.8 million, an increase of 106.1% over the corresponding period last year. Duyuru • Jun 09
Likewise Group plc, Annual General Meeting, Jun 30, 2022 Likewise Group plc, Annual General Meeting, Jun 30, 2022, at 09:00 Coordinated Universal Time. Location: 4 Radial Park, Solihull Parkway, Birmingham Business Park Solihull United Kingdom Reported Earnings • May 27
Full year 2021 earnings: Revenues miss analyst expectations Full year 2021 results: Revenue: UK£60.5m (up 28% from FY 2020). Net loss: UK£145.4k (loss narrowed 95% from FY 2020). Revenue missed analyst estimates by 1.6%. Over the next year, revenue is forecast to grow 90% compared to a 1.3% decline forecast for the retail industry in the United Kingdom. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Mike Steventon was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Apr 04
Likewise Group plc to Report Fiscal Year 2021 Results on May 24, 2022 Likewise Group plc announced that they will report fiscal year 2021 results on May 24, 2022 Duyuru • Jan 16
Likewise Group plc (AIM:LIKE) completed the acquisition of Valley Wholesale Carpets (2004) Limited. Likewise Group plc (AIM:LIKE) agreed to acquire Valley Wholesale Carpets (2004) Limited for £27.3 million on December 15, 2021. The transaction has a maximum consideration of £30.0 million, including approximately £10.0 million of cash within Valley Wholesale Carpets. This comprises initial consideration of £24.0 million which is payable at or shortly after Acquisition Completion, deferred consideration of £1.0 million and the issue of 5.0 million Ordinary Shares in Likewise. If the 5.0 million Ordinary Shares are valued at less than £5.0 million on the second anniversary of Acquisition Completion, then the shortfall will be settled in cash. The Company intends to finance £14.0 million of the Cash Consideration due on Acquisition Completion via its existing cash reserves and a conditional Firm Placing of new Ordinary Shares to raise £12.0 million and a conditional Clawback Placing to raise £2.0 million. The Company intends to finance £14.0 million of the Cash Consideration due on Acquisition Completion via its existing cash reserves and a conditional Firm Placing of new Ordinary Shares to raise £12.0 million and a conditional Clawback Placing to raise £2.0 million. Valley Wholesale Carpets generated audited revenue of £47.3 million and adjusted EBITDA of £5.7 million in the year ended 30 September 2021. The Acquisition is expected to be immediately earnings enhancing and is expected to deliver approximately 25 per cent earnings enhancement during the first full year of ownership. Completion of the Acquisition is conditional upon Admission, which in turn, is conditional on the passing of certain Resolutions to be proposed at a General Meeting authorising the Company to allot the Placing Shares. If the condition to the Acquisition is not satisfied by 28 February 2022, the Acquisition will not proceed. Jordan Warburton, David Foreman, James Edis and Dominic King of Zeus Capital Limited acted as financial advisor , Semelia Hamon of Ravenscroft Consultancy & Listing Services Limited and Fergus Young and Tim Robertson of Novella Communications represented Likewise Group.
Likewise Group plc (AIM:LIKE) completed the acquisition of Valley Wholesale Carpets (2004) Limited on January 14, 2022. Duyuru • Jan 12
Likewise Group plc has completed a Follow-on Equity Offering in the amount of £16 million. Likewise Group plc has completed a Follow-on Equity Offering in the amount of £16 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 34,285,715
Price\Range: £0.35
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 11,428,571
Price\Range: £0.35
Transaction Features: Rights Offering; Subsequent Direct Listing Duyuru • Dec 16
Likewise Group plc (AIM:LIKE) agreed to acquire Valley Wholesale Carpets (2004) Limited for £27.3 million. Likewise Group plc (AIM:LIKE) agreed to acquire Valley Wholesale Carpets (2004) Limited for £27.3 million on December 15, 2021. The transaction has a maximum consideration of £30.0 million, including approximately £10.0 million of cash within Valley Wholesale Carpets. This comprises initial consideration of £24.0 million which is payable at or shortly after Acquisition Completion, deferred consideration of £1.0 million and the issue of 5.0 million Ordinary Shares in Likewise. If the 5.0 million Ordinary Shares are valued at less than £5.0 million on the second anniversary of Acquisition Completion, then the shortfall will be settled in cash. The Company intends to finance £14.0 million of the Cash Consideration due on Acquisition Completion via its existing cash reserves and a conditional Firm Placing of new Ordinary Shares to raise £12.0 million and a conditional Clawback Placing to raise £2.0 million. The Company intends to finance £14.0 million of the Cash Consideration due on Acquisition Completion via its existing cash reserves and a conditional Firm Placing of new Ordinary Shares to raise £12.0 million and a conditional Clawback Placing to raise £2.0 million. Valley Wholesale Carpets generated audited revenue of £47.3 million and adjusted EBITDA of £5.7 million in the year ended 30 September 2021. The Acquisition is expected to be immediately earnings enhancing and is expected to deliver approximately 25 per cent earnings enhancement during the first full year of ownership. Completion of the Acquisition is conditional upon Admission, which in turn, is conditional on the passing of certain Resolutions to be proposed at a General Meeting authorising the Company to allot the Placing Shares. If the condition to the Acquisition is not satisfied by 28 February 2022, the Acquisition will not proceed. Jordan Warburton, David Foreman, James Edis and Dominic King of Zeus Capital Limited acted as financial advisor , Semelia Hamon of Ravenscroft Consultancy & Listing Services Limited and Fergus Young and Tim Robertson of Novella Communications represented Likewise Group. Reported Earnings • Oct 01
First half 2021 earnings released: EPS UK£0.002 (vs UK£0.016 loss in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: UK£28.0m (up 53% from 1H 2020). Net income: UK£302.7k (up UK£2.71m from 1H 2020). Profit margin: 1.1% (up from net loss in 1H 2020). Duyuru • Sep 29
Likewise Group plc to Pay a Maiden Dividend in 2022 Likewise Group plc announced given the consistent profitability and positive cash flow, the Group intends, subject to complying with legal requirements, to pay a maiden dividend in 2022 based on the performance in 2021. Board Change • Aug 19
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. CFO, Company Secretary & Director Roy Povey was the last director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 
