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Coms Plc establishes new subsidiary following double acquisition

Monday, 16 Dec 2013 02:00am EST 

Coms Plc:Forms a new subsidiary, Coms Media Ltd, following the acquisition of the media, design and animation specialist companies Clicks Media Studios Ltd and Darkside Animations Ltd.Says Coms has agreed to pay a combined consideration of 167,000 pounds cash which will be funded from the company's existing cash resources plus 175,000 pounds in shares at a price of 4.5 pence per share.Says the owners of both businesses will become Coms employees and have been restricted from selling any of the consideration shares for at least 3 months post transaction. 

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