Stage Payment

19 Oct 2006 10:30

SMC Group Plc19 October 2006 SMC Group Plc Stage payment in respect of acquisition of DTR:UK Ltd SMC Group Plc, ('SMC' or the 'Company'), the AIM-listed leading group of architects and designers, announces the payment of the next stage ofconsideration in respect of the acquisition of DTR:UK Ltd, announced on 28 October 2005. The Company has issued 291,436 new ordinary shares of 0.5 pence each at a priceof 160.33 pence per share, being the average closing share price for 27, 28 and 29th September 2006. The Company has also issued loan notes totalling £467,259. The consideration was calculated with reference to DTR:UK's third quarter 2006 performance. Application has been made for the New Ordinary Shares to be admitted to AIM. It is expected that dealings in the New Ordinary Shares will commence on 20 October 2006. - ends- For further information please contact: SMC Group Plc Tel: 44 (0) 20 7495 5335Stewart McColl Numis Corporation Plc Tel: 44 (0) 20 7776 1500Michael Rowan Bell Pottinger Corporate & Financial Tel: 44 (0) 20 7861 3232David Rydell/Chris Hamilton This information is provided by RNS The company news service from the London Stock Exchange