Last checked at 3 Jul 2009 17:35
For release 3 July 2009
Adventis Group plc ("Adventis" or "the Company")
Payments of deferred and earn-out consideration
Adventis, the full service multimedia marketing and advertising agency, is pleased to announce that it has now made a number of performance related deferred consideration and earn-out payments, amounting to GBP2,208,298:
In respect of the acquisition of Coltman Media Company Limited, originally announced on 23 May 2006, a cash settlement of GBP765,000.
In respect of the acquisition of Affiniti (UK) Limited, originally announced on 16 December 2004, a cash settlement of GBP145,207 which is the final installment payable under this agreement.
In respect of the acquisition of Roundhouse Advertising Limited, originally announced on 23 May 2006, a cash settlement of GBP249,146.
In respect of the acquisition of Leapfrog Medical Communications Limited, originally announced on 6 February 2007, a cash settlement of GBP132,000.
In respect of the acquisition of Second2 Limited, originally announced on 10 June 2008, a cash settlement of GBP526,133 and the issue of loan notes totaling £100,000.
Following the exercise of put options relating to Adgenda Media Limited, originally announced on 30 March 2005, relating to the fourth year of this deal and comprising GBP290,812.
Enquiries:
Adventis Group plc
Peter Linnell, Finance Director 020 7034 4795
Arbuthnot Securities
Tom Griffiths 020 7012 2000
Media enquiries
Tarquin Edwards 07879 458364
Chris Steele 07979 604687
END