Acquisitions

5 Oct 2007 07:00

H&T Group PLC05 October 2007 H&T Group plc Acquisitions H&T Group plc ( "H&T" or "the Group") is very pleased to announce on 3 Octoberit completed the acquisition of the trade and assets of an independentpawnbroker and cheque casher in South West London. This transaction follows a similar acquisition completed on 24 September inPortsmouth. H&T will retain both businesses at their current locations and looks forward tomaintaining the strong relationships both businesses have with their customers.The Group plans, after an initial period of approximately 6 months to rebrandthe stores under the H&T Pawnbrokers brand. Both acquisitions are currently profitable businesses. Following these acquisitions H&T now operates from 85 outlets. John Nichols, CEO of H&T Group commented "These two acquisitions continue our positive progress. We are particularlypleased to be taking over well run profitable businesses that will be enhancedby their integration into a wider Group. Widening our footprint remains a key facet of our strategy. We believe thatPortsmouth provides an excellent opportunity for future growth. Whilst H&T ishistorically a London based business, we are very pleased to strengthen ourposition in SW London." 5th October 2007 Enquiries: H&T Group plc Tel: 0870 9022 600John Nichols, Chief ExecutiveLaurent Genthialon, Finance Director Hawkpoint (Nominated adviser) Tel: 020 7665 4500Lawrence Guthrie/Sunil Duggal Numis Securities (Broker) Tel: 020 7260 1000Oliver Hemsley/Charles Farquhar College Hill Tel: 020 7457 2020Gareth David/Paddy Blewer This information is provided by RNS The company news service from the London Stock Exchange