Business
Deed of Variation
Deed of Variation.
About this update from Ekf Diagnostics Holdings Plc
[{"type":"text","content":"\n RNS Number : 7104V EKF Diagnostics Holdings PLC 05 November 2010 \n\nEKF Diagnostics Holdings plc\n(\"EKF\" or the \"Company\")\n \nDeed of Variation relating to the Acquisition of Quotient Diagnostics Limited\n \nEKF Diagnostics Holdings plc (AIM: EKF), which has recently refocused on the in-vitro diagnostic devices market, announces it has entered into a deed of variation to amend the sale and purchase agreement (\"SPA\") relating to the acquisition, announced on 1 October 2010, of the entire issued share capital of Quotient Diagnostics Limited (\"Quotient\"). \n \nUnder the terms of the deed of variation, the initial consideration has been increased from £3.41 million to £3.51 million, such increase to be satisfied by the issue of a further 472,613 new ordinary shares (\"New Ordinary Shares\") at a price of 22p per share, and the maximum deferred consideration payable has been reduced from £2.0 million to £1.9 million. Therefore the maximum total consideration payable for the acquisition of Quotient remains £5.41 million. \n \nThe variation to the SPA is the result of an amendment to the number of ordinary shares in the Company that were originally issued to the vendors of Quotient on 4 October 2010 and specifically relates to the conversion of certain loan notes that Quotient had issued earlier this year. \n \nApplication has been made for the New Ordinary Shares to be admitted to AIM and dealings are expected to commence on 10 November 2010.\n \n \nEnquiries:\n \n\n\n\n\nEKF Diagnostics Holdings plc\nJulian Baines, CEO\nPaul Foulger, FD\n \n\n\nMob: 07788 420 859\nTel: 020 7823 1733\n \n\n\n\n\nZeus Capital - Nominated Adviser and Joint Broker\nRoss Andrews\nTom Rowley\n \n\n\nTel: 0161 831 1512\n\n\n\n\nMatrix Corporate Capital LLP - Joint Broker\n\n\nTel: 020 3206 7000\n\n\n\n\nRobert Naylor\nStephen Waterman\n \n\n\n\n\n\n\n\nWalbrook PR\nPaul McManus\n \n\n\nTel: 020 7933 8780\nMob: 07980 541 893\[email protected]\n\n\n\n\n \n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCZMMGMZKMGGZM \n ","length":4714,"tagName":"div"}]