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5 Dec 2008 12:59
5 December 2008
Cyril Sweett Group plc ('Cyril Sweett' or 'the Group')
Deferred consideration
The sale and purchase agreement in respect of Burns Bridge Holdings Pty Limited dated 27 March 2008 contains certain provisions which require Cyril Sweett Group plc to make deferred consideration payments to the vendors of Burns Bridge Holdings Pty Limited, on the achievement of certain performance targets.
Cyril Sweett is pleased to announce that under the terms of the above, a total of 964,035 ordinary shares of 10p each ('Ordinary Shares') were transferred to the Vendors of Burns Bridge Holdings Pty Limited from shares previously held in Treasury.
Following this transaction Cyril Sweett's capital consists of 57,539,795 ordinary shares. The Group holds 273,985 Ordinary Shares in Treasury.
Accordingly, the total number of voting rights in Cyril Sweett is 57,265,810.
For further enquiries please contact:
Cyril Sweett Group plc 0207 061 9386
James Murray, Company Secretary
Brewin Dolphin Investment Banking 0845 270 8613
Andrew Kitchingman
Sean Wyndham-Quin
Ends.
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