Acquisition

CSS Stellar PLC 28 February 2001 CSS Stellar plc ('CSS Stellar' or 'CSS' or 'the Company' or 'the Group') ACQUISITION OF MINORITY INTEREST CSS Stellar, the specialist sports and entertainment management group, is pleased to announce the acquisition of the remaining 25 per cent. of the issued share capital it does not already own of Icon Display Limited ('Icon') from the directors of Icon ('the Acquisition'). Icon specialises in sponsorship signage and has built up a strong client base including, amongst others, European golf tournaments such as the European Open and The Open Championship, the England and Wales Cricket Board, the Epsom Derby as well as the perimeter advertising for UEFA Champions League games. The initial consideration of £675,000 will be satisfied through the issue of 296,000 new ordinary CSS shares at 228p, being the level at which agreement was reached between the Company and John Francis on 24 January 2001 as to the terms of the Acquisition on which both parties were willing to proceed. Application has been made for these shares to be admitted to trading on the Alternative Investment Market of the London Stock Exchange ('AIM') and dealings are expected to commence on 6 March 2001. In addition, up to £325,000 of deferred consideration is payable, in shares or in cash, should the aggregate of pre-tax profits of Icon over the three financial years ending 31 December 2001, 2002 and 2003 respectively, exceed the performance targets set. Icon had net assets of approximately £453,000 as at 31 August 2000 and made a pre-tax profit of approximately £441,000 for the 8 months ended 31 August 2000. The directors of CSS expect the Acquisition to enhance the Group's earnings per share in the current financial year. A growing and significant proportion of Icon's business is now generated in the sports and entertainment area providing for enhanced cross-selling opportunities amongst Group companies. The directors of CSS believe that Icon, as a wholly owned subsidiary of CSS, will be better placed to consolidate its strong position in a highly fragmented market. John Francis will continue in his role as managing director of Icon and his industry experience and reputation will continue to create value for the Group. Due to the position of John Francis as a director and substantial shareholder of a subsidiary of CSS, and Keith Goodwin and Andrew Hodson as directors of a subsidiary of CSS, this acquisition constitutes a related party transaction under the AIM Rules. Accordingly, the terms of the transaction have been considered by the directors of CSS, having consulted with Granville Baird, the Company's Nominated Adviser, and, in the opinion of the directors of CSS, such terms are fair and reasonable so far as the shareholders of CSS are concerned. For further information, please contact: CSS Stellar Tel: 020 7907 4520 Sean Kelly sean.kelly@css-stellar.com Granville Baird Tel: 020 7488 1212 Peter Watson peter.watson@granvillebaird.com Shandwick International Tel: 020 7329 0096 Bobby Leach bleach@shandwick.com Ends
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