Completion of Acquisition

RNS Number : 3639E

Acal PLC

18 December 2009

 



FOR IMMEDIATE RELEASE

18 December 2009

Acal plc ("Acal")

Completion of Acquisition

Having received all necessary approvals, Acal today announces the completion of its acquisition of Financiere BFI Optilas SAS for a consideration of €10 million payable in cash and 2 million Acal ordinary shares (the "Shares"). The Shares were admitted to the Official List today and dealings in them commenced at 8am.

The acquisition, which was announced on 29 October, represents a key step in Acal's stated strategy of specialisation, creating a clearly differentiated specialist, providing electronic and photonic products and services to over 14,000 customers across Europe.

For further information, please contact:

Acal plc:

Nick Jefferies ~ Chief Executive             01483 544500

J.P. Morgan Cazenove:

Patrick Magee ~ Managing Director        020 7588 2828

Salma Butt ~ Associate                         020 7588 2828

Cubitt Consulting:

Brian Coleman-Smith                            020 7367 5100

James Verstringhe                                020 7367 5100

Nicola Krafft                                          020 7367 5100

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