Acquisition Update - COBRA Completes Four Acquisitions
The Board of COBRA Holdings plc, a major UK-based retail and wholesale insurance
broking group, is pleased to announce that it has acquired four businesses
comprising of three insurance broking entities, Giles (Alton) Ltd ('Giles'),
J.K. Lee Limited ('JKL'), G.D.K Insurance Services Limited ('GDK') and an
underwriting agency, County Insurance Services Schemes ('CISS'). Giles is based
in Hampshire, JKL is based in Manchester and GKD and CISS, which trade alongside
each other, are based in Essex.
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Acquisition - UK and Ireland Insurance
COBRA Holdings PLC, a UK-based retail and wholesale insurance broking group, today announces the acquisition of UKI Holdings Ltd (“UK & Ireland”) and its subsidiary, UK & Ireland Insurance Services Ltd, a Manchester-based general insurance brokerage specialising in Commercial insurance, in particular for the construction industry. COBRA will pay a total consideration of approximately £4.3 million.
Aquisition - COBRA Tubbs Batten
COBRA Holdings PLC (AIM: CBRA), a major UK-based retail and wholesale insurance broking group, is pleased to announce it has today exercised an option to acquire the share capital of TUBBS Insurance Services Ltd (“Tubbs”), the terms of which were set out in the AIM Admission Document published on 29 June 2007.