Hill & Smith To Buy 80% Of Freeberg For Initial Cash Consideration Of $36 Mln

March 11 (Reuters) - Hill & Smith PLC HILS.L:

• HILL & SMITH PLC - ACQUISITION OF FREEBERG

• HILL & SMITH PLC - ACQUISITION OF FREEBERG

• HILL & SMITH - PROPOSED DEAL FOR AN INITIAL CASH CONSIDERATION OF $36M

• HILL & SMITH - TO BUY 80% OF FREEBERG FOR INITIAL CASH CONSIDERATION OF $36 MILLION

• HILL & SMITH - FURTHER CASH CONSIDERATION FOR REMAINING 20% OF FREEBERG UP TO $50 MILLION BY 2031

• HILL & SMITH - ACQUISITION EXPECTED TO BE EARNINGS ENHANCING IN 2026

• HILL & SMITH - FREEBERG CEO MARC BROWN TO CONTINUE TO LEAD BUSINESS AFTER DEAL