Ritchey plc has entered into an agreement to aquire Animalcare Ltd, a wholly owned subsidiary of Genus Animal Health Ltd for £14 million.

As the acquisition is classified as a reverse takeover under PLUS Market rules, the agreement is conditional on Ritchey shareholder approval and, inter alia, Ritchey securing funding for the Acquisition and Admission of the enlarged group (the “Group”) to trading on the AIM market of the London Stock Exchange.