Completion of the Sale of Brand Addition

RNS Number : 9767Z

4imprint Group PLC

23 March 2012

 



23 March 2012

4imprint Group plc
Completion of the Sale of Brand Addition Limited

Further to the announcement on 16 February 2012  in respect of the proposed sale of Brand Addition Limited (together with its subsidiaries) and Kreyer Promotion Service GmbH (together "Brand Addition") to H.I.G Milan UK Bidco Limited and B270 Vermögensverwaktung GmbH and the subsequent approval of the sale by Shareholders on 14 March 2012, 4imprint Group plc ("4imprint") now confirms that all of the pre-completion conditions, as set out in a circular to Shareholders dated 20 February 2012, have been satisfied.

Consequently, 4imprint is pleased to announce that it has today completed the sale of Brand Addition for an aggregate consideration of £24.00 million (on a cash and debt free basis, and with a normalised level of working capital). 

 -Ends-

For further information, please contact:

4imprint Group plc:

Tel: + 44 (0) 20 7299 7201

John Poulter, Chairman

Gillian Davies, Group Finance Director

Hawkpoint Partners Limited:

Tel: + 44 (0) 20 7665 4605

Simon Eccles-Williams

Martin Luen

Hawkpoint Partners Limited, which is authorised and regulated in the United Kingdom by the FSA, is acting exclusively for 4imprint Group plc and no-one else in connection with the Sale and will not be responsible to anyone other than 4imprint Group plc for providing the protections afforded to clients of Hawkpoint Partners Limited nor for giving advice in relation to the Sale or any other matters referred to in this announcement

511268586

 

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