Al Gihaz Holding and Blofeld Investment Management agreed to acquire remaining 54.820737% stake in Lamprell plc (LSE:LAM) for £20.4 million on June 24, 2022. Al Gihaz Holding and Blofeld Investment Management reached an agreement to acquire remaining 54.820737% stake in Lamprell plc (LSE:LAM) for £20.4 million on July 21, 2022. As per the transaction, Al Gihaz Holding and Blofeld Investment Management will pay 9 pence per share to the shareholders of Lamprell plc. The cash consideration payable to Lamprell shareholders by Blofeld and AlGihaz under the terms of the offer will be financed by through shareholder loans. FinnCap and Zeus, as joint financial advisers to Bidco, are satisfied that sufficient cash resources are available to Bidco to enable it to satisfy in full the cash consideration payable to Lamprell Shareholders under the terms of the Offer. As on August 12, 2022, Thunderball announces that the offer document, which contains the full terms and conditions of the Offer and the procedures for acceptance, The Offer will remain open for acceptance until October 11, 2022. As on August 26, 2022, minimum tender acceptance level has been achieved and thus the transaction has become unconditional. Investec Bank plc acted as financial advisor and Ashurst LLP acted as legal advisor to Lamprell plc, finnCap Ltd and Zeus Capital Limited acted as financial advisors and Dentons UK and Middle East LLP acted as legal advisor to Blofeld Investment Management, finnCap Ltd and Zeus Capital Limited acted as financial advisors and Addleshaw Goddard LLP acted as legal advisor to Al Gihaz Holding.

Al Gihaz Holding and Blofeld Investment Management agreed to acquire additional 28.819321% stake in Lamprell plc (LSE:LAM) for £10.7 million on October 25, 2022.