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Frontier Developments plc announces acquisition and proposed secondary placing

Wednesday, 16 Apr 2014 02:00am EDT

Frontier Developments plc:Enters into a conditional agreement to acquire the business and assets of Professional Practice Automation LLP.Consideration for the acquisition is 5.09 mln pounds, which is to be satisfied by the allotment and issue to PPA, credited as fully paid, of 2,001,573 new ordinary shares of 0.5 pence each in the company.Application will be made for the admission of the Consideration Shares to trading on AIM.Says it has been advised by David Braben, chief executive of frontier, of his intention to sell up to 1,600,000 ordinary shares in the company at a price of 250 pence per ordinary share via an accelerated bookbuild placing.This represents 5.1 pct of the issued share capital of Frontier.Placing will be managed by Canaccord Genuity Limited acting as bookrunner.

Sunvault Energy Inc to acquire assets of Werkman Transport

Tuesday, 15 Apr 2014 09:15am EDT

Sunvault Energy Inc:Agreement to acquire 100 pct of assets of Werkman Transport.To acquire for $2,700,000 payable in shares of company.

XPEC Entertainment to invest in Proficient Success

Monday, 31 Mar 2014 08:30pm EDT

XPEC Entertainment Inc:To acquire 90 shares (90 pct stake) in Proficient Success Limited from First Response Limited, for $96,435,000, to hold 90 pct stake in Proficient Success.

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