4 Jul 2008 10:31
ο»Ώ
For releaseΒ 4 JulyΒ 2008
Adventis Group plc ("Adventis" or "the Company")
Payments of deferred and earn-out consideration
Adventis, the full service multimedia marketing and advertising agency, isΒ pleased to announce that it has now madeΒ a number of performance relatedΒ deferred consideration andΒ earn-outΒ payments, amounting to GBP2,208,844:
In respect of the acquisition of Coltman MediaΒ Company Limited, originally announced on 23 May 2006,Β a cash settlementΒ of GBP765,000.
In respect of the acquisition ofΒ Affiniti (UK)Β Limited,Β originally announced onΒ 16 December 2004,Β a cash settlement of GBP158,576.
In respect of the acquisition ofΒ Roundhouse AdvertisingΒ Limited,Β originally announced onΒ 23 May 2006,Β a cash settlement of GBP603,921.
In respect of the acquisition ofΒ Leapfrog Medical CommunicationsΒ Limited,Β originally announced onΒ 6 February 2007,Β a cash settlement of GBP279,560.
Following the exercise of put options relating to Adgenda Media Limited,Β originally announced on 30 March 2005, relating to theΒ third yearΒ of this deal and comprising GBP401,787.
Enquiries:
Β
Adventis Group
Peter Linnell, Finance Director 020 7034 4795
Β
Arbuthnot SecuritiesΒ
Tom Griffiths 020 7012 2122
Β
Adventis Financial PRΒ
Chris Steele 020 7034 4759
END
Follow the stocks