CHW.L Regulatory News (CHW)

22 Jul 2005 16:09

Chime Communications PLC22 July 2005 CHIME COMMUNICATIONS PLC ('Chime') CHIME ACQUIRES BAXTER-HULME Chime announces today the acquisition of Baxter-Hulme, a public relationsconsultancy based in Macclesfield. The initial consideration is £307,500, to be satisfied by 50% in cash today and50% in Chime shares payable in March 2006 depending on the company meetingcertain profit targets. There is deferred consideration payable based on theaccounts for the two years to 31st March 2008. The maximum deferredconsideration payable is £692,500, payable 50% in cash and 50% in Chime shares. Lord Bell, Chairman of Chime, said 'This acquisition will strengthen BellPottinger's presence in the north of England. Since the launch of Bell PottingerNorth last year we have already done work for more than 20 clients from acrossthe private and public sectors.' For further information, please contact: Lord BellChairman, Chime Communications plc Tel: 020 7861 8515 Robin TozerBell Pottinger Corporate and Financial Tel: 020 7861 3891 This information is provided by RNS The company news service from the London Stock Exchange