Payments of deferred and earn

RNS Number : 1360V

Adventis Group PLC

03 July 2009

 



For release 3 July 2009

Adventis Group plc ('Adventis' or 'the Company')

Payments of deferred and earn-out consideration

Adventis, the full service multimedia marketing and advertising agency, is pleased to announce that it has now made a number of performance related deferred consideration and earn-out payments, amounting to GBP2,208,298:

• In respect of the acquisition of Coltman Media Company Limited, originally announced on 23 May 2006, a cash settlement of GBP765,000. 

• In respect of the acquisition of Affiniti (UK) Limited, originally announced on 16 December 2004, a cash settlement of GBP145,207 which is the final installment payable under this agreement.

• In respect of the acquisition of Roundhouse Advertising Limited, originally announced on 23 May 2006, a cash settlement of GBP249,146.

• In respect of the acquisition of Leapfrog Medical Communications Limited, originally announced on 6 February 2007, a cash settlement of GBP132,000.

• In respect of the acquisition of Second2 Limited, originally announced on 10 June 2008, a cash settlement of GBP526,133 and the issue of loan notes totaling £100,000.

• Following the exercise of put options relating to Adgenda Media Limited, originally announced on 30 March 2005, relating to the fourth year of this deal and comprising GBP290,812.

Enquiries:

Adventis Group plc

Peter Linnell, Finance Director  020 7034 4795

Arbuthnot Securities 

Tom Griffiths                            020 7012 2000

Media enquiries

Tarquin Edwards                      07879 458364

Chris Steele                              07979 604687

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