Completion of sale of Deal Gr

RNS Number : 9400U

Asia Digital Holdings PLC

25 October 2010

 



Press Release

25 October 2010

 

 

Asia Digital Holdings plc

("Asia Digital" or "the Group")

Completion of sale of Deal Group Media Pty Limited

Asia Digital Holdings plc (AIM:ADH), an independent online marketing group, announces that it has completed the sale of the entire issued share capital of its Australian business, Deal Group Media Pty Limited, along with all intellectual property required to run the operation in Australia and New Zealand, to Digital Performance Group Ltd, an Australian Stock Exchange listed holding company formerly known as ComTel Corporation.

Asia Digital has received the gross initial sum of AU$2.1 million and anticipates receiving the second purchase price instalment of between AU$1.4 million and AU$1.9 million within one month, leaving a final instalment of up to AU$1.0 million expected to be paid in November 2011.

- Ends -

For further information, please contact:

Asia Digital Holdings plc
Adrian Moss, Chief Executive	Tel: [phone]
www.adhplc.asia

Astaire Securities Plc
Gavin Burnell / Rod Venables	Tel:  [phone]
Katie Shelton (Corporate Broking)	www.astairesecurities.co.uk

Abchurch Communications
Heather Salmond / Nick Probert	Tel: [phone]
[e-mail]	www.abchurch-group.com

 

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