10 Nov 2014 07:00
10 November 2014
Coms plc
('Coms' or the 'Company')
Final deferred consideration payment in relation to acquisition of Redstone
Coms, a leading provider of telecommunications products, services and infrastructure, today announces that payment of the final deferred consideration, due on 21 November 2014, in relation to the Company's acquisition of Comunica Holdings Ltd (since renamed Redstone) from Castleton Technology plc (formerly Redstone plc) was paid three weeks early, on 31 October 2014 with an agreed amount between the parties of £825,000.
ENDS
For further information, please contact:
Coms plc +44 (0) 207 148 3000
David Breith (CEO)
Frank Beechinor (Chairman)
Charles Stanley Securities +44 (0)207 149 6000
(Nominated Adviser and Broker)
Karri Vuori/Philip Davies
Blytheweigh
(Financial Public Relations)
Paul Weigh / Alex Shilov / Eleanor Parry +44 (0)207 138 3204
Notes to Editors:
Coms is a leading organisation in the provision of end-to-end communication, connectivity and business services:
Business infrastructure
Cloud based solutions
Connectivity
Creative marketing and media solutions
Integrated and hosted telephony
IT support
Mobile
Smart buildings
We put stakeholders at the heart of everything we do, and by innovating and offering other robust technologies our solutions are resilient and cost effective. For more information, please visit: www.coms.com