Mavinwood PLC
11 October 2007
Mavinwood plc
Settlement of deferred consideration
Mavinwood plc announces that it has today agreed terms to settle the deferred
consideration which has or may become due in respect of the acquisition of Mono
Services Limited. It will pay £1 million (out of a maximum of £1m which could be
payable), which will be satisfied as to £100,000 in cash and as to £900,000 by
the issue of 4,500,000 ordinary shares of 0.1 pence each at an issue price of 20
pence each (the 'Deferred Consideration Shares'). Application has today been
made for the Deferred Consideration Shares to be admitted to trading on AIM,
which is expected to become effective on 16 October 2007.
Enquiries to:
Kevin Mahoney Mavinwood plc 020 7661 9650
Mike Vincent Mavinwood plc 020 7661 9651
Adrian Hadden Collins Stewart Europe Limited 020 7523 8350
John Coles Threadneedle Communications 020 7936 9604
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