4 Jul 2008 10:31
For release 4 July 2008
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 GBP2,208,844:
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 GBP158,576.
In respect of the acquisition of Roundhouse Advertising Limited, originally announced on 23 May 2006, a cash settlement of GBP603,921.
In respect of the acquisition of Leapfrog Medical Communications Limited, originally announced on 6 February 2007, a cash settlement of GBP279,560.
Following the exercise of put options relating to Adgenda Media Limited, originally announced on 30 March 2005, relating to the third year of this deal and comprising GBP401,787.
Enquiries:
Adventis Group
Peter Linnell, Finance Director 020 7034 4795
Arbuthnot Securities
Tom Griffiths 020 7012 2122
Adventis Financial PR
Chris Steele 020 7034 4759
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Reabold Resources (RBD)