777 Group to acquire FFI Holdings in a £39.5m deal.

Lumiere, a wholly-owned subsidiary of the 777 Group, offered to acquire FFI Holdings, which provides completion contracts to the entertainment industry in Asia, Australia, Europe, the Middle East, Africa, and North America, in a £39.5m deal. The offer price represents a premium of approximately 28.2% to the Closing Price per FFI Share of 19.50 pence on 1 July 2019. Commenting on the Offer, Julian Bartlett, Non-Executive Director of FFI and Independent FFI Director, said: "FFI's time on AIM has been blighted by a number of industry specific headwinds which have largely been beyond our control; the diversification strategy we have followed will, we believe, in the longer term bear fruit though in the meantime it is pleasing to be able to offer liquidity to those shareholders wanting to realise value at a meaningful premium to the current share price and in that respect we welcome the offer from Lumiere."