LIKEWISE GROUP PLC LS-,01

Likewise Group has bought a 60,000-square-foot high-bay warehouse in Corby for £9.57 million to expand warehousing, cutting and transport capacity within its logistics network. Installation of racking and cutting equipment starts immediately, commissioning is planned for January 2027, and first goods deliveries are expected later this year. The company says the acquisition will free up capacity in Birmingham, support its £300m revenue target and is reviewing further property investments; an update on August results will follow on 11 September. » More on de.investing.com

Likewise Group has agreed to acquire a 60,000 sq ft distribution centre in Corby for £9.57m; closing is scheduled for 21 August, with commissioning planned for January 2027. The centre is intended to expand warehousing, cutting and transport capacity within the logistics network. The company reported July revenue up 23.9% year-on-year and like-for-like revenue up 18.3% year-to-date. The purchase was financed by existing and new shareholders and bank credit facilities. » More on de.investing.com

Likewise Group generated gross proceeds of around £32.5m through a retail offer, a private placement and a subscription; the retail offer raised about £4.0m through the issue of 14,035,087 shares at 28.5 pence. The offer was oversubscribed; allocation was made on a “Soft Pre-emption” basis and admission of the shares to trading on AIM is expected to become effective on 17 August 2026, subject to approval at the general meeting on 14 August. The company reported July revenue growth of 23.9% year on year and like‑for‑like revenue growth year to date of 18.3%. Likewise said trading in August had started strongly. » More on de.investing.com