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Pin to quick picksEbiquity Regulatory News (EBQ)

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Market Cap: £14.94m
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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
14th Feb 200712:49 pmRNSHolding(s) in Company
12th Feb 20077:02 amRNSMarketing Spend 2006
25th Jan 20077:11 amRNSTrading Update
11th Dec 20064:29 pmRNSTotal Voting Rights
20th Oct 20067:00 amRNSDirector/PDMR Shareholding
19th Oct 20067:44 amRNSPartnership with GroupM
18th Oct 20067:01 amRNSInterim Results
13th Oct 20069:09 amRNSIFRS Transitional Statement
2nd Oct 200610:20 amRNSHolding(s) in Company
29th Sep 20061:15 pmRNSNotice of Results
18th Jul 200610:35 amRNSHolding(s) in Company
25th May 20069:15 amRNSAdditional Listing
22nd May 20069:12 amRNSAdvertising Barometer
25th Apr 20067:03 amRNSPreliminary Results
13th Apr 20068:54 amRNSNotice of Results
6th Apr 20064:58 pmRNSNotice of Results
23rd Mar 20067:01 amRNSDirectorate Change
9th Feb 20067:01 amRNSTrading Statement
6th Feb 20069:07 amRNSAdvertising Barometer
8th Dec 200512:43 pmRNSHolding(s) in Company
17th Nov 20057:01 amRNSContract
14th Nov 20057:00 amRNSChange of Adviser
18th Oct 20057:01 amRNSInterim Results
16th Sep 20057:54 amRNSBoard: Chairman
14th Sep 20052:44 pmRNSNotice of Results
31st Aug 20054:10 pmRNSHolding(s) in Company
31st Aug 20054:06 pmRNSHolding(s) in Company
23rd Aug 20053:16 pmRNSCompletion of Acquisition
4th Aug 20054:24 pmRNSDirectors Shareholding
3rd Aug 20057:02 amRNSAcquisition & Placing
5th Jul 20057:34 amRNSAGM Statement
14th Jun 20057:00 amRNSAccess to Regional Portfolios
21st Apr 20051:04 pmRNSHolding(s) in Company
12th Apr 20057:15 amRNSShare Options
12th Apr 20057:01 amRNSFinal Results
21st Mar 200512:25 pmRNSHolding(s) in Company
15th Mar 200510:54 amRNSNotice of Results-Replacement
15th Mar 20059:28 amRNSNotice of Results
11th Mar 200512:07 pmRNSNotifiable Interest
1st Mar 20053:35 pmRNSHolding(s) in Company
16th Feb 20055:26 pmRNSHolding(s) in Company
28th Jan 20055:03 pmRNSHolding(s) in Company
26th Jan 200511:26 amRNSDirector Shareholding
24th Jan 20057:46 amRNSTrading Update
20th Jan 20056:14 pmRNSHolding(s) in Company
20th Jan 20056:14 pmRNSHolding(s) in Company
19th Jan 200511:37 amRNSHolding(s) in Company

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