March 19, 2018 / 7:39 AM / 9 months ago

BRIEF-Harwood Wealth Management Group Announces ‍Acquisition Of AE Financial Services Ltd​

March 19 (Reuters) - Harwood Wealth Management Group Plc :

* ‍ACQUISITION OF AE FINANCIAL SERVICES LTD​

* ‍PURCHASE PRICE FOR ACQUISITION IS £4.6 MILLION PLUS £1.54M IN RESPECT OF NET CASH BALANCES​

* ‍INITIAL CONSIDERATION OF £2.4 MILLION PLUS CASH BALANCES PAID, SATISFIED THROUGH COMPANY’S EXISTING CASH RESOURCES​

* ‍FURTHER DEFERRED CONSIDERATION OF UP TO £2.2 MILLION WILL BE PAYABLE IN TWO TRANCHES OVER NEXT 24 MONTHS​ Source text for Eikon: Further company coverage: (Reuters.Briefs@thomsonreuters.com)

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