Sumus shareholders approve Lighthouse merger

Just 1.54 % of the Sumus scheme shareholders present and voting decided against the deal, representing 0.03% of issued shares. Structured as an acquisition, Lighthouse will acquire entire issued and to be issued ordinary share capital of Sumus at 42.3p per share, valuing Sumus at approximately £12.6m. The amalgamated group – to be branded Lighthouse – will have a pro-forma turnover in excess of £80m and £22m estimated net assets. The new board will be split 50/50 between the two groups. “We are delighted to have received the overwhelming support from the Sumus shareholders for the merge...