Payments of deferred and earn
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:
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In respect of the acquisition of Coltman Media Company Limited, originally announced on 23 May 2006, a cash settlement of GBP765,000.
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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.
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In respect of the acquisition of Roundhouse Advertising Limited, originally announced on 23 May 2006, a cash settlement of GBP249,146.
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In respect of the acquisition of Leapfrog Medical Communications Limited, originally announced on 6 February 2007, a cash settlement of GBP132,000.
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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.
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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
END
This information is provided by RNS
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