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Aukett Fitzroy Robinson Group PLC acquires Swanke Hayden Connell Europe Ltd

Thursday, 19 Dec 2013 02:00am EST 

Aukett Fitzroy Robinson Group PLC:Announces the acquisition of the entire issued share capital of Swanke Hayden Connell Europe Ltd ("SHCE"), a firm of architects and interior designers with offices in London, Moscow, Istanbul and Sheffield.Says the total consideration for the acquisition is 1.58 million british pounds comprising a cash payment from existing funds of 209,053 british pounds with the balance satisfied by the issue of 19,594,959 new ordinary shares in AFR at a price of 7.00 pence per share ("Consideration Shares").Says the vendors of SHCE have agreed that for a period of 21 months from completion, subject to certain exceptions, they will not dispose of any of their Consideration Shares. 

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