Next Fifteen Communications Group PLC (NFC.L) Key Developments | Reuters.com
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Next Fifteen Communications Group PLC (NFC.L)

NFC.L on London Stock Exchange

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30 Jun 2016
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Latest Key Developments (Source: Significant Developments)

Next Fifteen Communications Group PLC announces acquisition of Publitek Limited
Friday, 11 Mar 2016 02:00am EST 

Next Fifteen Communications Group PLC:Says acquisition of entire issued share capital of Publitek Ltd, a specialist technical content marketing business that services customers in the global semiconductor and electronic component market.Says initial consideration for the acquisition is about £6.2 million, of which about £5.7 million is to be satisfied in cash with the balance to be satisfied by the issue to the vendors of 228,704 new ordinary shares in Next 15.Says further consideration may become payable based on the average profits of Publitek for the years ending Jan., 2018, 2019, 2020 and 2021.Says any deferred consideration that becomes payable may be satisfied by cash or up to 25 per cent in new ordinary shares, at the option of Next 15.  Full Article

Next Fifteen Communications Group plc announces acquisition of minority shareholdings in Morar
Friday, 26 Feb 2016 02:00am EST 

Next Fifteen Communications Group plc:Acquired remaining 25 pct. minority interests in Morar Consulting Ltd, its research and advisory agency, and settled in full remaining obligation for original purchase of 75 pct. issued share capital made on 3 Dec. 2014.Morar's remaining obligation in respect of the acquisition of its subsidiary made on April 23, 2015 was also settled in full.Aggregate consideration for minority interest, outstanding deferred morar consideration and outstanding deferred subsidiary consideration is 3.55 mln pounds to be paid in two tranches.Says acquisitions are expected to be immediately earnings enhancing for the company.  Full Article

Next Fifteen Communications Group PLC sees FY 2016 outlook in line with management expectations
Wednesday, 27 Jan 2016 02:00am EST 

Next Fifteen Communications Group PLC:Says that it continues to trade in line with management expectations for FY 2016.  Full Article

Next Fifteen Communications Group announces proposed placing and completion of acquisition of ODD
Thursday, 10 Dec 2015 02:00am EST 

Next Fifteen Communications Group plc:Says its intention to place up to 3,358,366 new ordinary shares of 2.5 pence each in the capital of the company at a price of 240 pence per placing share to raise about £7.8 million after expenses.Says net proceeds from this placing will be used to finance initial consideration payable for acquisition of ODD Communications Limited.Says that it has completed acquisition of entire issued share capital of ODD.Says initial consideration payable is £3.74 million in cash (of which £0.8 million is working capital) with a further top-up payment in July 2016 dependent on ODD's annual profits to 30 June 2016.Says deferred consideration may be payable over the course of the next six years subject to the achievement of certain revenue and profit performance targets.  Full Article

Next Fifteen Communications Group announces acquisition of IncrediBull
Thursday, 2 Jul 2015 02:00am EDT 

Next Fifteen Communications Group PLC:Has acquired the entire issued share capital of IncrediBull World Limited (IncrediBull), a brand marketing consultancy based in London.The acquisition is consistent with Next 15`s stated intention to strengthen its UK operations and follows the acquisitions of Morar and Encore within the last six months.The initial consideration for the acquisition is about 1.6 mln Pounds of which about 1.3 mln Pounds is being satisfied in cash with the balance being satisfied by the issue to the vendors of 166,276 new ordinary shares in Next 15.Further consideration will be paid based on the profit of IncrediBull for the year to Dec. 31.The total consideration is subject to an undisclosed cap. The acquisition is expected to be earnings enhancing from completion.  Full Article

Next Fifteen Communications Group PLC acquires stake in Encore Digital Media Limited
Tuesday, 28 Apr 2015 02:00am EDT 

Next Fifteen Communications Group PLC:Has acquired a 75 pct stake in Encore Digital Media Limited (Encore), a programmatic advertising technology business based in London.The initial cash consideration is 687,000 Pounds, with a further payment to be paid as a `top-up payment` in July 2015 dependent on Encore`s annual profits to May. 31.  Full Article

Next Fifteen Communications Group PLC recommends final dividend
Tuesday, 28 Apr 2015 02:00am EDT 

Next Fifteen Communications Group PLC:Recommended a final dividend of 2.50 pence per share.It will be paid on Aug. 7 to shareholders listed on the register of members on July 10.Shares will go ex-dividend on July 9.  Full Article

Next Fifteen Communications Group Plc announces completion of placing
Thursday, 29 Jan 2015 02:34am EST 

Next Fifteen Communications Group Plc:Says together with subsidiaries it confirm that 3,089,862 new ordinary shares of 2.5 pence each in capital of Next 15 have been successfully placed by Investec Bank plc.With existing shareholders and new institutional investors at price of 145 pence per placing share, raising net proceeds of about 4.3 mln Pound.Application has been made for placing shares to be admitted to trading on AIM market of London Stock Exchange plc.Expected admission will take place on Feb. 3.  Full Article

Next Fifteen Communications Group plc announces acquisition of Morar Consulting Limited
Thursday, 4 Dec 2014 02:00am EST 

Next Fifteen Communications Group plc:Says that it has acquired a 75 pct. stake in Morar, an international market research consultancy based in London, which measures and advises on brand performance.The initial consideration is 1.35 mln pounds in cash with a further payment expected to be about 0.45 mln pounds in Feb. 2015 dependent on Morar`s normalised profit before tax for the twelve months to Jan. 31, 2015.Says deferred consideration is payable in 2018 dependent upon the performances of Morar for the financial years to Jan. 2017 and 2018.Says any deferred consideration that may become payable may be satisfied in cash or up to 25 pct. in new Next 15 ordinary shares, at the option of Next 15.  Full Article

Next Fifteen Communications Group plc completes acquisition
Tuesday, 4 Nov 2014 02:00am EST 

Next Fifteen Communications Group plc:On Oct. 7 Next Fifteen Communications Group plc (Next 15) announces acquisition of Story Worldwide (Story), a content advertising agency with offices in New York and Seattle for $6.6 mln.Next 15 announces that it has completed the acquisition of the assets of Story.Group has acquired Story`s trade together with certain assets valued at $1 mln, which comprise cash, receivables, trade payables and fixed assets.Consideration is $6.6 mln payable in cash and the acquisition is expected to be immediately earnings enhancing for the Group.Story has clients that include Unilever, RCI.  Full Article