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Next Fifteen Communications Group PLC (NFC.L)

NFC.L on London Stock Exchange

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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