Acquisition of shares

Cheviot has disclosed an acquisition of equity shares through the stock exchange mechanism, intended for long-term investment without the intention to acquire control. The details of the acquisition are provided in an attached annexure, and the value of the shares acquired is expected to exceed the threshold specified in the relevant regulations, necessitating this disclosure.

An acquisition spends cash or issues shares today for earnings that arrive later, so the price paid and the funding route decide whether holders gain.

• Consideration and how it is funded
• Revenue and profit of the target
• Expected completion date