Issue of Equity
May 04 2006 - 3:01AM
UK Regulatory
RNS Number:3947C
EQ Group PLC
04 May 2006
eq group plc
Payment of deferred consideration and allotment of shares
The Board of eq group plc ("eq group"), the marketing services group, announces
that further consideration has been paid to the former owners of Quaestor
Research & Marketing Strategists Limited ("Quaestor") under the terms of the
earn-out agreed as part of the acquisition of Quaestor in December 2002.
The total further consideration of #1,906,202 comprises 879,515 fully paid up
ordinary shares of 10p each in eq group (the "Further Consideration Shares") and
#953,101 in cash.
The further consideration is payable as a result of Quaestor's performance
against operating profit targets for the three years ended 31 December 2005.
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 Tuesday 9
May 2006.
For further information, please contact:
eq group plc
Bob Bond, Chief Executive - 01422 301917
This information is provided by RNS
The company news service from the London Stock Exchange
END
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