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An update from H&G High Conviction Ltd. ( (AU:HCF) ) is now available.
Hancock & Gore Limited has announced a conditional agreement to acquire the assets of H&G High Conviction Limited, involving the buy-back and cancellation of all shares in HCF held by H&G and the issuance of H&G shares to HCF. This strategic move aims to simplify H&G’s structure, increase balance sheet equity by approximately $20 million, and enhance flexibility to support growth, with an expected return of over 15% per annum. The acquisition is subject to HCF shareholder approval, with the Independent Board Committee recommending a favorable vote.
More about H&G High Conviction Ltd.
Hancock & Gore is a diversified investment company focused on delivering superior long-term investment returns through a portfolio of operating investments. Its key asset is the wholly owned combined school wear business of Mountcastle and Schoolblazer, with leadership positions in the UK, Australia, and New Zealand.
YTD Price Performance: 11.18%
Average Trading Volume: 36,122
Technical Sentiment Consensus Rating: Hold
For a thorough assessment of HCF stock, go to TipRanks’ Stock Analysis page.