Business
Acquisition Consideration
Acquisition Consideration.
About this update from Restore Plc
[{"type":"text","content":"\n Mavinwood PLC\n11 October 2007\n\n Mavinwood plc\n\n Settlement of deferred consideration\n\n\n\nMavinwood plc announces that it has today agreed terms to settle the deferred\nconsideration which has or may become due in respect of the acquisition of Mono\nServices Limited. It will pay £1 million (out of a maximum of £1m which could be\npayable), which will be satisfied as to £100,000 in cash and as to £900,000 by\nthe issue of 4,500,000 ordinary shares of 0.1 pence each at an issue price of 20\npence each (the 'Deferred Consideration Shares'). Application has today been\nmade for the Deferred Consideration Shares to be admitted to trading on AIM,\nwhich is expected to become effective on 16 October 2007.\n\n\n\n\n\n\n\nEnquiries to:\n\n\nKevin Mahoney Mavinwood plc 020 7661 9650\nMike Vincent Mavinwood plc 020 7661 9651\nAdrian Hadden Collins Stewart Europe Limited 020 7523 8350\nJohn Coles Threadneedle Communications 020 7936 9604\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"}]