22nd Sep 2021 09:30
(S4 Capital published correction for number of shares being issued.)
(Alliance News) -Â S4 Capital PLC on Monday said it has agreed to issue 1.6 million shares as initial consideration for its acquisition of website and app designer Zemoga.
London-based S4 Capital is an advertising agency started and led by Martin Sorrell, the former chief executive of WPP PLC. Zemoga, founded in 2002, has offices in Los Angeles, New York and Wilton, Connecticut, and operations in Colombia.
The deal, unveiled on Friday, will see Zemoga added to S4 Capital's Media.Monks unit to expand its digital capability.
Shares in S4 Capital were up 0.6% at 808.73 pence in London early Wednesday, at this price making the share issue worth around GBP12.9 million.
By Lucy Heming;Â [email protected]
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