BRIEF-Renew Holdings buys remaining shares in Clarke Telecom

Wed May 21, 2014 5:27am EDT

May 21 (Reuters) - Renew Holdings Plc

* Acquisition of clarke telecom limited

* Announces that it has now acquired remaining shares in clarke for a cash consideration of £5.1m and now owns entire issued share capital of clarke.

* Total consideration paid was £17m in cash

* Acquisition has been funded from group's cash resources and a four year term loan of £12m provided by hsbc bank plc. Source text for Eikon: Further company coverage: