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17 Mar 2011 16:28
17 March 2011
TARSUS GROUP PLC
("Tarsus" or the "Company")
Acquisition of Remaining Minority Interest in Caroo USA Inc ("Caroo")
Tarsus is pleased to announce that it has completed the acquisition of the remaining 24.5% of the share capital of Caroo not already owned by the Company from David Larkin and John Rice. The consideration for the acquisition of the remaining shares in Caroo is $45,337 in cash and 22,222 ordinary shares of 5 pence each in the Company (the "Consideration Shares").
Caroo holds a number of investments in the online media division of Tarsus in the United States including www.tsnn.com and www.onrec.com.
An application has been made for the Consideration Shares to be admitted to the Official List of the UKLA and to trading on the London Stock Exchange's main market for listed securities ("Admission"). Admission is expected to take place on 22 March 2011.
Subsequent to Admission, the total number of ordinary shares of 5p each of the Company in issue as at the date of this announcement is 75,268,531 with each ordinary share carrying the right to one vote. There are no ordinary shares held in Treasury. The total number of voting rights in the Company is therefore 75,268,531.
For further information contact:
Tarsus Group plc | +44 (0) 20 8846 2700 |
Douglas Emslie | Group Managing Director |
Ashley Milton | Group Finance Director |
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