Last checked at 10 Dec 2014 12:44
10 December 2014
Benchmark Holdings plc
("Benchmark" or the "Company" or the "Group")
Proposed Placing and Acquisitions Transaction Update
Acquisition of additional shares in Stofnfiskur HF
Further to the announcement of the proposed Placing and Acquisitions made on 24 November 2014, Benchmark is now pleased to announce that it has entered into additional Stofnfiskur Transfer Agreements to acquire a further 7.61 per cent. of the shares in Stofnfiskur with the result that, on completion of the Stofnfiskur Acquisition, Benchmark will hold 89.45 per cent. of the issued share capital of Stofnfiskur. Accordingly, the aggregate initial consideration for the acquisition of Stofnfiskur is now approximately £21.8m, and the maximum aggregate payment under the Stofnfiskur Earn-Out is approximately £9.0m.
Defined terms used in this announcement have the meanings set out in the Circular published by the Company on 24 November 2014 relating to the Placing and Acquisitions. A copy of the Circular is available on the Company's website at www.benchmarkplc.com.
-Ends-
|