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Pin to quick picksEbiquity Regulatory News (EBQ)

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Acquisition

3 Aug 2012 07:00

RNS Number : 2177J
Ebiquity PLC
03 August 2012
 



Ebiquity plc

("Ebiquity" or the "Company")

 

Acquisition of FirmDecisions

 

Ebiquity plc is pleased to announce the acquisition of the entire issued share capital of FirmDecisions ASJP Group Limited, the holding company of the FirmDecisions group ("FirmDecisions" or the "Acquisition"). FirmDecisions is being acquired for an initial consideration of £1m which is being satisfied from existing banking facilities. The maximum total consideration is up to £7m, payable in cash, depending on the performance of the FirmDecisions business in the three financial years ending 30 April 2014. The Acquisition will be earnings enhancing in the first full financial year.

 

FirmDecisions specialises in media and production cost auditing, with specific reference to the advertiser supply chain. FirmDecisions ensures that its advertiser clients benefit from contractual compliance by their agencies and transparency of transactional value.

 

FirmDecisions is being acquired from its current and previous managers, including Stephen Broderick, one of FirmDecisions' founders, who will remain as Chief Executive of the FirmDecisions business.

 

FirmDecisions' unaudited revenue for the year ended 30 June 2012 was approximately £2m and it generated an operating profit before highlighted items of approximately £0.3m. FirmDecisions employs approximately 20 people.

 

3rd August 2012

Michael Greenlees, Chief Executive Officer of Ebiquity:

 

"FirmDecisions is the first name in media financial compliance with experience across a wide range of global clients. This acquisition enables Ebiquity to bring increased transparency to the media transaction market-place and a higher level of advertiser confidence in contractual compliance."

 

Enquiries:

 

Ebiquity Plc

 Michael Greenlees, Chief Executive Officer

 Andrew Beach, Chief Financial Officer

 

Tel. +44 (0)20 7650 9600

Numis Securities Limited

 Lorna Tilbian/Nick Westlake (Financial Adviser and Nominated Adviser)

 David Poutney (Corporate Broking)

 

Tel. +44 (0)20 7260 1000

College Hill

 Matthew Smallwood

 Jamie Ramsay

Tel. +44 (0)20 7457 2020

 

Numis, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is the Company's nominated adviser and broker. Numis' responsibilities as the Company's nominated adviser under the AIM Rules are owed solely to the London Stock Exchange and are not owed to the Company or to any Director or to any other person. Numis is acting exclusively for the Company in relation to the matters, transactions and arrangements detailed in this announcement and will not be responsible to anyone other than the Company for providing the protections afforded to its clients or for providing advice in relation to the content of this announcement or any matter, transaction or arrangement discussed or referred to in it.

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
ACQSSEFWEFESELA
Date   Source Headline
4th Jul 201211:00 amRNSNotice of Final Results
1st Jun 20124:30 pmRNSIssued share capital
31st May 20122:45 pmRNSHolding(s) in Company
25th May 201210:00 amRNSExercise of Share Options
14th May 20124:00 pmRNSDirector/PDMR Shareholding
12th Mar 20123:00 pmRNSAcquisition
25th Jan 20127:00 amRNSInterim Results
5th Jan 20123:00 pmRNSNotice of Interim Results
14th Oct 20117:00 amRNSAcquisition
5th Sep 20113:00 pmRNSAGM resolutions passed
27th Jun 201112:17 pmRNSTR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
20th May 20117:00 amRNSAcquisition and Placing
19th Jan 20117:00 amRNSInterim Results
14th Dec 20107:00 amRNSTrading Update
6th Dec 20104:01 pmRNSNon Exec Director Declaration
14th Sep 20107:00 amRNSExercise of options
10th Sep 201011:08 amRNSResult of AGM
18th Aug 201011:06 amRNSReport and Accounts
30th Jul 20107:00 amRNSDirector Dealings
23rd Jul 20107:00 amRNSPreliminary Results
7th Jul 201011:00 amRNSNotice of Preliminary Results
29th Jun 201011:36 amRNSTR-1:Notification of major interest in shares
23rd Jun 201011:10 amRNSEbiquity Acquires Media Advisor
13th May 20107:00 amRNSDirector/PDMR Shareholding
14th Apr 20109:00 amRNSHolding(s) in Company
14th Apr 20109:00 amRNSDirector/PDMR Shareholding
14th Apr 20107:00 amRNSCompletion of the Acquisitions
12th Apr 20103:08 pmRNSResult of EGM
8th Apr 20107:00 amRNSAcquisition
26th Mar 20101:10 pmRNSPDMR
26th Mar 201010:00 amRNSAcquisitions
19th Jan 20104:39 pmRNSHolding(s) in Company
13th Jan 20107:00 amRNSInterim Results
9th Dec 20099:00 amRNSNotice of Interim Results
14th Sep 200910:38 amRNSResult of AGM
24th Jul 20092:24 pmRNSDirector Dealings
22nd Jul 20097:00 amRNSFinal Results
22nd May 20093:42 pmRNSDirector/PDMR Shareholding
22nd May 20098:53 amRNSNotice of Results
1st Apr 20097:00 amRNSChange of Adviser
28th Jan 20097:00 amRNSInterim Results
16th Jan 20097:00 amRNSNotice of Interim Results
26th Nov 20088:58 amRNSNotifiable Interest
14th Nov 20082:56 pmRNSChange of Nomad
31st Oct 20087:00 amRNSDirectorate Change
30th Oct 20087:00 amRNSGerman Expansion
27th Oct 20081:46 pmRNSAcquisition
14th Oct 20081:21 pmRNSDirector/PDMR Shareholding
8th Oct 20089:06 amRNSChange of Adviser Name
8th Sep 20083:00 pmRNSResult of AGM

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