Issue of Equity
May 23 2005 - 5:04AM
UK Regulatory
RNS Number:6120M
EQ Group PLC
23 May 2005
EQ Group plc
Buckingham Earn out
The Board of eq group plc ("eq group"), the marketing services group, announces
that further consideration has been paid to the former owners of Buckingham
Research Associates Limited ("Buckingham") under the terms of the earn-out
agreed as part of the acquisition of Buckingham.
The further consideration comprises 738,808 fully paid up ordinary shares of 10p
each in eq group (the "Further Consideration Shares") and #942,428 in bank
guaranteed loan notes.
The further consideration is payable as a result of Buckingham's performance
against operating profit targets for the three years ended 31 March 2005 agreed
between eq group and Buckingham on 20 December 2001, the date eq group acquired
Buckingham.
Application has been made for the Further Consideration Shares to be admitted to
trading on AIM and dealings in such shares are expected to commence on Friday,
27 May.
Commenting, Bob Bond, Chief Executive of eq group, said:
'Buckingham has delivered excellent results for the group since its acquisition
and continues to go from strength to strength".
For further information, please contact:
eq group plc
Bob Bond, Chief Executive
Telephone 01422 301917
This information is provided by RNS
The company news service from the London Stock Exchange
END
IOEGGGZKLFZGKZG
Eq Group (LSE:EQI)
Historical Stock Chart
From Jun 2024 to Jul 2024
Eq Group (LSE:EQI)
Historical Stock Chart
From Jul 2023 to Jul 2024