CHW.L Regulatory News (CHW)

27 Jan 2006 11:06

Chime Communications PLC27 January 2006 CHIME COMMUNICATIONS PLC ("Chime") CHIME ACQUIRES LEDBURY RESEARCH Chime announces today the acquisition of 55% of Ledbury Research Limited("Ledbury") a market research consultancy based in London. Ledbury providesresearch and advice to brands who market and sell to high net worth consumers,including LVMH, Richemont, Gucci Group, UBS, Barclays Private Bank andMastercard. The initial investment is £120,000 of which £100,000 represents a subscriptionfor new shares in Ledbury. There is deferred consideration payable. 60,000 newChime shares will be issued in 12 months time conditional on the two vendorsremaining at Ledbury and a maximum of a further 100,000 new Chime shares will beissued conditional on certain profit targets being met within 4 years. Ledbury will become part of Chime's Opinion Leader Research Group. END For further information please contact: Lord Bell - Chairman Tel: 020 7861 8515Chris Satterthwaite - Chief ExecutiveChime Communications plc Robin Tozer Tel: 020 7861 3232Bell Pottinger Corporate and Financial This information is provided by RNS The company news service from the London Stock Exchange