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Communisis PLC Announces Acquisition Of Editions Publishing Limited

Thursday, 5 Sep 2013 02:00am EDT 

Communisis PLC announced that it has acquired the entire share capital of Editions Publishing Limited, the UK's content marketing agency in the financial services sector. The acquisition is at an enterprise value (on a cash free, debt free basis) of GBP5.87 million, including Editions Publishing Limited's net assets at completion, estimated at GBP0.2 million. The consideration payable by Communisis totals approximately GBP7.1 million, including acquired cash of about GBP1.2 million. The consideration will be satisfied in cash of approximately GBP5.4 million and through the issue of 3,003,533 new ordinary shares of 25p each in the share capital of Communisis (the "Consideration Shares") to the value of GBP1.7 million, based on the averagemiddle market closing price over the 5 business days prior to September 3, 2013, of 56.6 pence per ordinary share. 

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