Business
Acquisition of Milbury
Acquisition of Milbury.
About this update from Eleco Plc
[{"type":"text","content":"\n Eleco PLC\n20 November 2007\n\n\n\n\n\n Eleco plc (the 'Company')\n\n\n\n Further re. Acquisition of Milbury Systems Limited ('Milbury')\n\n\n\nThe Company announced on 15 November 2007 the acquisition of Milbury Systems\nLimited (the 'Acquisition') to be satisfied in part by cash, in part by the\nissue and placing of 3,000,000 new ordinary shares of 10p each and with the\nbalance of £225,000 by the allotment to the vendors of Milbury, credited as\nfully paid, of new ordinary shares of 10 pence each (the 'Consideration Shares\n'), determined by reference to a calculation of the Company's average mid-market\nshare price for the preceding 5 business days.\n\n\n\nThe final number of Consideration Shares is 206,610. Accordingly the total\nnumber of new ordinary shares to be admitted to trading on AIM in connection\nwith the Acquisition is 3,206,610 and the total number of shares in issue of the\nCompany will be increased to 59,953,239.\n\n\n\n\n\nEnquiries:\n\n\n\nEleco plc\n\nIvor Barton - Company Secretary\n\n+44 (0)1920 443830\n\n\n\nCollins Stewart Europe Limited\n\nPhilip P. Roe\n\n+44 (0)207 523 8350\n\n\n\n\n\n\n\n\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange \n ","length":1293,"tagName":"div"}]