Acquisition (1710D)
March 17 2011 - 12:28PM
UK Regulatory
TIDMTRS
RNS Number : 1710D
Tarsus Group PLC
17 March 2011
17 March 2011
TARSUS GROUP PLC
("Tarsus" or the "Company")
Acquisition of Remaining Minority Interest in Caroo USA Inc
("Caroo")
Tarsus is pleased to announce that it has completed the
acquisition of the remaining 24.5% of the share capital of Caroo
not already owned by the Company from David Larkin and John Rice.
The consideration for the acquisition of the remaining shares in
Caroo is $45,337 in cash and 22,222 ordinary shares of 5 pence each
in the Company (the "Consideration Shares").
Caroo holds a number of investments in the online media division
of Tarsus in the United States including www.tsnn.com and
www.onrec.com.
An application has been made for the Consideration Shares to be
admitted to the Official List of the UKLA and to trading on the
London Stock Exchange's main market for listed securities
("Admission"). Admission is expected to take place on 22 March
2011.
Subsequent to Admission, the total number of ordinary shares of
5p each of the Company in issue as at the date of this announcement
is 75,268,531 with each ordinary share carrying the right to one
vote. There are no ordinary shares held in Treasury. The total
number of voting rights in the Company is therefore 75,268,531.
For further information contact:
Tarsus Group plc +44 (0) 20 8846 2700
Douglas Emslie Group Managing Director
Ashley Milton Group Finance Director
This information is provided by RNS
The company news service from the London Stock Exchange
END
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