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Ebiquity PLC Completes Merger of Subsidiaries; Announces Issue of New Shares


Friday, 1 Feb 2013 07:30am EST 

Ebiquity PLC announced that it has recently completed the merger of its two subsidiary companies in Germany, the majority-owned Ebiquity Germany GmbH (Ebiquity Germany) and the wholly-owned Fairbrother Lenz Eley GmbH. Following completion of the merger, Ebiquity PLC held a majority interest in the enlarged Ebiquity Germany with the minority interest held by certain local managers of Ebiquity Germany. Ebiquity PLC also announced that it has completed the acquisition of part of the minority interest in Ebiquity Germany from the local managers. The consideration has been satisfied by the issue to the managers of 345,009 new ordinary shares of GBP 0.25 each in Ebiquity PLC. Application has been made for the new ordinary shares to be admitted to AIM, with trading expected to commence on February 6, 2013. After the issue of the new ordinary shares, Ebiquity PLC has 60,139,096 ordinary shares in issue. 

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