Stage Payment

19 Jul 2006 15:59

SMC Group Plc19 July 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 ofarchitects and designers, announces the payment of the next stage ofconsideration in respect of the acquisition of DTR:UK Ltd, announced on 28October 2005. The Company has issued 205,895 new ordinary shares of 0.5 pence each at a priceof 131.17 pence per share, being the average closing share price for 28, 29 and30th June 2006. The Company has also issued loan notes totalling £270,065. Theconsideration was calculated with reference to DTR:UK's first quarter 2006performance. Application has been made for the New Ordinary Shares to be admitted to AIM. Itis expected that dealings in the New Ordinary Shares will commence on 25 July2006. - ends - For further information please contact: SMC Group Plc Tel: 44 (0) 20 7495 5335Stewart McColl Numis Corporation Plc Tel: 44 (0) 20 7776 1500Stuart Skinner 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