Acquisition of EUResource

Empresaria Group PLC 27 September 2006 Empresaria Group plc 27 September 2006 Empresaria Group plc Acquisition of EUResource Limited Empresaria Group plc ('Empresaria' or the 'Group') is pleased to announce that it has acquired a 51% holding in EUResource Limited ('EUResource'). The remainder of the shares are held by the existing management team. EUResource is based in the Midlands and specialises in the recruitment of Eastern European workers to fulfil the temporary and project management needs of UK clients. The initial consideration paid amounts to £249,500, of which £199,500 was paid in cash and £50,000 was being satisfied by the issue of 59,880 ordinary shares in Empresaria. Deferred consideration is payable, dependent on the future profitability of EUResource, up to a maximum of £150,000 of which up to £100,000 may be satisfied at Empresaria's option by the issue of further ordinary shares in Empresaria and the remainder in cash. Commenting on the acquisition, Miles Hunt, Chief Executive of Empresaria said: 'The economic benefits to the UK of migrant workers from Eastern Europe may now be broadly recognised but in particular industries, especially where there are skill shortages (such as butchers and printers) or seasonal work patterns, these benefits are keenly felt and are consequently driving strong demand for such workers. The acquisition of EUResource creates a new distribution channel for our growing network of Eastern European offices.' For further enquiries please contact: Empresaria Group Plc 01293 649 900 Tony Martin (Chairman) Miles Hunt (Chief Executive) Nick Hall-Palmer (Finance Director) Bridgewell Securities Limited 020 7003 3000 James Wellesley Wesley Notes for editors: Empresaria Group plc (sector Support Services, staffing) provides specialist staffing services across nine countries through 30 trading subsidiaries. Empresaria was formed in 1996 by Miles Hunt and its business model is based on the philosophy of management equity which allows founder managers and key staff within Empresaria's subsidiaries to acquire or retain a meaningful stake in the businesses they run or work in. This information is provided by RNS The company news service from the London Stock Exchange
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