PHSC Share News (PHSC)

PHSC Information

Share Price Information for PHSC (PHSC)

Share Price is delayed by 15 minutes

Get Live Data

7.75 0.00 (0.00%)

Bid:

7.00

Ask:

8.50

Spread: 1.50 (21.429%)

Market Cap: £796.77k

Last checked at -

Intraday PHSC Share Chart

REMOVE ADS

PHSC makes final payment for QCS acquisition

Wed, 20th Aug 2014 10:30

Health and safety provider PHSC has confirmed the final payment details for its acquisition of QCS International.The firm paid vendors £105,285 on Tuesday using cash from its existing resources, bringing the total cash payment for the transaction to £425,285.QCS was acquired in 2012 with a sum of £320,000 in cash paid on completion. A final payment of £80,000 provided for in the share purchase agreement was to be varied up or down according to a formula that compared operating profits at the time of completion with the average performance over the two years after the acquisition. As such, an additional £25,285 became payable.QCS specialises in environmental and health and safety management systems.As of 08:34 the share price had dropped 1.5% to 29p.WS