Final payment re Redstone acquisition

RNS Number : 5310W
Coms PLC
10 November 2014
 



10 November 2014

                                                                                           Coms plc

                                                                                                   

('Coms' or the 'Company')

 

Final deferred consideration payment in relation to acquisition of Redstone

 

Coms, a leading provider of telecommunications products, services and infrastructure, today announces that payment of the final deferred consideration, due on 21 November 2014, in relation to the Company's acquisition of Comunica Holdings Ltd (since renamed Redstone) from Castleton Technology plc (formerly Redstone plc) was paid three weeks early, on 31 October 2014 with an agreed amount between the parties of £825,000.

 

ENDS

 

For further information, please contact:

 

Coms plc                                                                                             +44 (0) 207 148 3000

David Breith (CEO)

Frank Beechinor (Chairman)

 

Charles Stanley Securities                                                           +44 (0)207 149 6000

(Nominated Adviser and Broker)

Karri Vuori/Philip Davies

 

Blytheweigh

(Financial Public Relations)

Paul Weigh / Alex Shilov / Eleanor Parry                               +44 (0)207 138 3204

 

Notes to Editors:

 

Coms is a leading organisation in the provision of end-to-end communication, connectivity and business services:

 

Business infrastructure

Cloud based solutions

Connectivity

Creative marketing and media solutions

Integrated and hosted telephony

IT support

Mobile

Smart buildings

 

We put stakeholders at the heart of everything we do, and by innovating and offering other robust technologies our solutions are resilient and cost effective. For more information, please visit: www.coms.com

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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