Talon Resources Targets Ontario Gold Growth After AIM Move and Eagle Lake Acquisition, CEO Says. Watch here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksSEPU.L Regulatory News (SEPU)

  • There is currently no data for SEPU

3T Communications AG - Deferred consideration

11 Jul 2013 07:00

RNS Number : 0621J
Sepura PLC
11 July 2013
 



Sepura PLC

 

 

("Sepura" or the "Company")

 

 

3T Communications AG - Deferred consideration

 

 

Sepura, a global leader in the design, development and supply of TETRA digital communications solutions, refers to the Company's announcement of 16 May 2012 in relation to the acquisition of 3T Communications AG ("3T").

 

As previously announced, the Company acquired 3T for initial cash consideration of €8 million, with additional contingent consideration of up to €5 million payable if the acquired business achieved cash EBITDA targets over an earn-out period.

 

These targets have now been met in full. Accordingly, the Company has paid €4 million of the deferred consideration in cash, and the final €1m will be settled by the issue of 1,301,334 new ordinary shares of £0.0005 each in the capital of the Company, with the number of shares to be issued based on the share price at completion of 61.5p.

 

Application has been made to the UK Listing Authority for admission to the Official List and to the London Stock Exchange for admission to trading of the new ordinary shares which is expected to take place at 8.00 am on 16 July 2013 ("Admission").

 

Following Admission, the Company will have 138,619,914 ordinary shares in issue, of which 131,983 are held in Treasury and the total number of voting rights in the Company will therefore be 137,186,597. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in the Company under the FCA's Disclosure and Transparency Rules.

 

 

 

- Ends -

 

For further information please contact:

 

Sepura plc

Peter Connor, Investor Relations

 

+44 (0) 12 2387 6000

Pelham Bell Pottinger

Olly Scott

Charles Goodwin

 

+44 (0) 20 7861 3232

 

 

Notes to editors

 

About Sepura

 

Sepura is a global leader in the design, manufacture and supply of TETRA (TErrestrial Trunked RAdio) products and systems developed specifically for critical communications applications. The Group's customers span the emergency services, transport, utilities, extractive industries and other commercial sectors. Sepura is also a market leader in the supply of surveillance and other specialist TETRA radios and accessories.

 

The Company offers one of the broadest ranges of TETRA products available and is often first to deliver innovative products and features to its markets. The recent acquisition of specialist TETRA infrastructure systems supplier, 3T, enhances Sepura's capability through the addition of powerful and easy-to-deploy systems.

 

Founded in the UK in 2002, Sepura has expanded rapidly across the world and is now a market leader in over 30 countries, with a network of regional partners that sell, and provide local support for, its market-leading products.

 

Based in Cambridge, England and with over 300 employees, Sepura was admitted to the Official List of the London Stock Exchange on 3 August 2007.

 

www.sepura.com

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCQBLFFXDFEBBL
Date   Source Headline
26th Nov 20129:00 amRNSHolding(s) in Company
22nd Nov 20127:00 amRNSInterim results
14th Nov 20124:15 pmRNSTransaction in Own Shares
5th Nov 20127:00 amRNSInterim Results Date
31st Oct 20124:00 pmRNSTotal Voting Rights
12th Oct 20124:45 pmRNSTransaction in Own Shares
11th Oct 20127:00 amRNSTrading Statement
28th Sep 201212:15 pmRNSTotal Voting Rights
26th Sep 20124:00 pmRNSTransaction in Own Shares
19th Sep 20124:58 pmRNSTransaction in Own Shares
17th Sep 20127:00 amRNSChange of Adviser
12th Sep 20124:45 pmRNSTransaction in Own Shares
5th Sep 20124:10 pmRNSTransaction in Own Shares
5th Sep 20124:06 pmRNSDirector/PDMR Shareholding
3rd Sep 20126:04 pmRNSTransaction in Own Shares
3rd Sep 20127:00 amRNSBlock Listing
31st Aug 20123:43 pmRNSTotal Voting Rights
23rd Aug 20125:03 pmRNSTransaction in Own Shares
22nd Aug 20123:15 pmRNSTransaction in Own Shares
13th Aug 20123:29 pmRNSDirector/PDMR Shareholding
9th Aug 201212:15 pmRNSGrant of Sharesave Options to Directors
9th Aug 20127:00 amRNSTransaction in Own Shares
25th Jul 20127:00 amRNSDirector/PDMR Shareholding
24th Jul 20123:33 pmRNSDirector/PDMR Shareholding
19th Jul 20124:51 pmRNSDISPOSAL OF SHARES BY PRINCIPAL SHAREHOLDERS
19th Jul 20124:51 pmRNSNotification of Major Interest in Shares
19th Jul 20124:50 pmRNSHolding(s) in Company
19th Jul 20124:50 pmRNSHolding(s) in Company
19th Jul 20124:50 pmRNSHolding(s) in Company
19th Jul 20124:50 pmRNSDirector/PDMR Shareholding
17th Jul 20121:59 pmRNSResult of AGM
17th Jul 20127:00 amRNSInterim Management Statement
28th Jun 201210:12 amRNSTransaction in Own Shares
14th Jun 20124:15 pmRNSHolding(s) in Company
13th Jun 20127:00 amRNSFinal Results
28th May 20123:14 pmRNSHolding(s) in Company
23rd May 20123:20 pmRNSHolding(s) in Company
16th May 20129:02 amRNSSepura acquires 3T communications
17th Apr 20127:00 amRNSTrading Statement
13th Apr 20129:56 amRNSNotification of Major Interest in Shares
17th Feb 20127:00 amRNSInterim Management Statement
13th Feb 20122:50 pmRNSNotification of major interest in shares
10th Feb 20125:29 pmRNSDirector/PDMR Shareholding
10th Feb 20125:24 pmRNSDirector/PDMR Shareholding
10th Jan 20127:00 amRNSAppointment of CFO
6th Jan 20122:59 pmRNSDirector/PDMR Shareholding
23rd Dec 201112:11 pmRNSNotification of Major Interest in Shares
23rd Dec 201112:11 pmRNSNotification of Major Interest in Shares
16th Dec 20115:29 pmRNSAnnual Information Update
23rd Nov 20117:00 amRNSInterim results

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.