Deferred Consideration Shares

RNS Number : 9090W

TLA Worldwide PLC

03 January 2014

 



 TLA Worldwide plc

Deferred Consideration Shares for the acquisition of

 The Agency and LS Legacy Sports Group LLC

TLA Worldwide plc (AIM: TLA) ("TLA" or the "Company"), the athlete representation and sports marketing business, announces that the Deferred Consideration Shares ("Shares") of 22,317,159 due to the vendors of LS Legacy Sports Group LLC ("Legacy") and the 12,484,856 Shares due to the vendors of The Agency ("Agency") which were all to be issued on 8 December 2013, being the second anniversary of acquisition of Legacy and Agency, have had the issue date deferred to 8^th June 2014 in respect of Legacy and 17 April 2014 in respect of Agency, at the request of the vendors' of each acquisition.  This is to enable the vendors to finalise their tax planning. The lock-in periods that apply once the shares are issued will commence as if the shares were issued on the 8 December, such that all the shares are locked in until 7 December 2014 and 20% of the shares are locked in until 7 December 2015.  All the shares are subject to an orderly market undertaking.

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For further information

TLA Worldwide Mike Principe, Chief Executive	Tel: [phone]
Bell Pottinger Dan de Belder/Anna Gamble	Tel: [phone]
Numis Securities                       Nick Westlake (Nomad)	Tel: [phone]

Chris Wilkinson

About TLA Worldwide

TLA Worldwide plc (AIM:TLA) and its subsidiaries, The Legacy Agency, Inc and TLA (NY) Inc. are a leading athlete representation and sports marketing business with a full service offering to their clients in baseball, broadcasting, coaching, endorsement and golf talent, as well as corporate consulting. The Group's success and growth potential is founded on three key pillars: the competency of the underlying businesses, their complementary practices and the strength and experience of the management team. TLA has an exceptional roster of clients including baseball All-Stars C.C. Sabathia, Carl Crawford, Adam Dunn, Jose Reyes, Ricky Romero, Johan Santana, Rickie Weeks and Vernon Wells, broadcasters Troy Aikman, Dan Hicks, Daryl Johnston, Chris Myers, Kathryn Tappen and Mitch Williams, college and professional coaches Avery Johnson, Mick Cronin, Mike Brey, Ben Howland, Steve Lavin, Randy Edsall, Fred Hoiberg and Mark Gottfried, PGA Tour professionals, Jim Furyk, Matt Every, Robert Garrigus, John Huh, Spencer Levin, Jeff Overton, John Senden and Kyle Reifers, and talent marketing clients such as NFL legend Steve Young and active athletes Reggie Bush, Trey Burke, Lolo Jones, Kerri Walsh Jennings, Ndamukong Suh, Colt McCoy and Ryan Tannehill. TLA operates out of offices in New York, Newport Beach, Houston, San Francisco, Charleston, SC, Maracay, Venezuela, Melbourne and London. For more information, visit www.tlaww-plc.com.

 

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