Pennant International Group plc (AIM:PEN) acquired Track Access Productions Limited for £0.97 million on April 13, 2023. The consideration payable in respect of the Acquisition comprises an enterprise value of £0.585 million, plus an amount of circa £389,000. Under the terms of consideration, £0.7985 million will be paid in cash and deferred payment of £0.1755 million. The transaction is being funded entirely from the Group's existing cash resources. Track Access Productions Limited has revenues of circa £0.6 million (FY22: £0.481 million) of which 50% is recurring, relating to portal subscriptions and profit before tax of circa £0.2 million (FY22: PBT of £0.180821 million). WH Ireland Limited acted as advisor to Pennant International Group plc.

Pennant International Group plc (AIM:PEN) completed the acquisition of Track Access Productions Limited on April 13, 2023.