Acquisition of Sofology

RNS Number : 1033Y

DFS Furniture plc

01 December 2017

 

1 December 2017

DFS Furniture plc ("DFS" or the "Group")

Acquisition of Sofology

Further to the announcements on 3 August 2017 and 20 November 2017, DFS confirms the legal completion of the acquisition of Sofology Limited ("Sofology") for an initial debt-free, cash-free enterprise value of £25m.  Any further consideration payable, as referred to in the announcement on 3 August 2017, will be calculated based upon the 12 months ending 30 September 2018.

DFS (enquiries via FTI)	FTI Consulting
Ian Filby (CEO)	Jonathon Brill
Nicola Bancroft (CFO)	Georgina Goodhew
Mike Schmidt (Director of Corporate Finance)	Eleanor Purdon
	[phone]
	[e-mail]

 

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