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Provider: Wright Reports
Provider: Thomson Reuters Stock Report

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Progility plc announces acquisition of Starkstrom Group Limited

Monday, 14 Jul 2014 02:00am EDT 

Progility plc:Says it has acquired the entire share capital of Starkstrom Group Limited.Consideration, payable in cash and loan notes, of 9.68 mln Pounds from its owner managers.Consideration payable is 6.96 mln Pounds in cash on completion and the issue to the Vendors of 2.72 mln Pounds of zero coupon loan notes repayable in four half-yearly tranches over the two years following completion.The 6.96 mln Pounds cash consideration payable on completion will be financed initially by issuing 7.15 mln Pounds of the recently created redeemable loan stock to DNY Investments Limited. 

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5 Mar 2015