Deferred consideration update (3277Y)
February 29 2012 - 2:02AM
UK Regulatory
TIDMWSPR
RNS Number : 3277Y
Worldspreads Group PLC
29 February 2012
WorldSpreads Group plc
("WorldSpreads" or the "Group")
Deferred consideration update
Pursuant to the Share Purchase Agreement whereby OR
Spreadbetting Limited acquired WorldSpreads (Ireland) Limited from
WorldSpreads Group plc in December 2009, WorldSpreads announces
that it has not yet received payment of the deferred consideration
of EUR1.65m due on 22 December 2011 from OR Spreadbetting Limited
as a number of warranty issues have arisen under that agreement.
Both sides are working together to resolve the issues and are
hopeful of a satisfactory outcome.
A further announcement will be made as and when appropriate.
For further information, please contact:
WorldSpreads Group plc
Conor Foley, Chief Executive Officer / Dominic
Bacon, General Counsel
+44 (0)20 7398 5100
Collins Stewart Europe Limited
Matt Goode / Rishi Shah
+44 20 7523 8350
Bloxham
Peter O'Carroll
+353 (0) 1 611 9200
About WorldSpreads Group plc
WorldSpreads Group plc (AIM: WSPR) is a financial services group
offering online and telephone trading. The Group's core activity is
the provision of spread betting products on the financial markets
to retail clients from its website www.worldspreads.com.
WorldSpreads Limited, a wholly-owned trading subsidiary of WSPR,
is regulated and authorised by the Financial Services Authority. It
offers a full range of spread betting prices on all the major
financial markets, including stock indices, individual shares,
currencies, commodities and interest rates.
The Group floated on the London Stock Exchange's AIM market in
August 2007 and gained a dual listing by joining the Irish Stock
Exchange's IEX market in May 2008.
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCKMGZZMRLGZZZ
Worldspd (LSE:WSPR)
Historical Stock Chart
From Sep 2024 to Oct 2024
Worldspd (LSE:WSPR)
Historical Stock Chart
From Oct 2023 to Oct 2024