6th Aug 2018 18:44
LONDON (Alliance News) - TruFin PLC said Monday its subsidiary Oxygen Finance Group Ltd acquired Porge Ltd.
The consideration is GBP2 million in cash and a potential earn out of a maximum of GBP750,000 in cash, which is dependent on performance, payable during 2019.
Porge provides a public sector market insight and research service and reported pretax profit for the year ended March of GBP271,000.
TruFin Chief Executive Henry Kenner said: "We are happy to be supporting Oxygen as it continues to build its market leading franchise."
Shares in TruFin closed flat Monday at 220.00 pence each.
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