26th May 2005 07:01
Huntsworth PLC25 May 2005 Asset acquisition of Neisser Communications, Austria Huntsworth PLC, ("Huntsworth"), the international public relations group,announces today that it has agreed to acquire the brand and associated clientand staff contracts of Neisser Communications ("Neisser"), the Austria-basedcommunications company. The initial consideration will be approximately€139,006, to be satisfied 50 per cent in cash and balance by the issue of233,321 new ordinary shares. Deferred consideration of a maximum of €1,060,994 may be payable depending onthe financial performance of Neisser in the three years from the month followingcompletion. This deferred consideration would be payable in cash or newordinary shares, at Huntsworth's discretion. Application to the UK Listing Authority and to the London Stock Exchange isbeing made today for the admission of these shares to trading on the OfficialList of the UK Listing Authority. Dealings are expected to commence on Thursday2 June 2005. Enquiries: Lord Chadlington, Executive Chairman, Huntsworth PLC (020) 7408 2232 Richard Nichols, Chief Executive Officer, Huntsworth PLC (020) 7408 2232 Roger Selman, Finance Director, Huntsworth PLC (020) 7408 2232 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
HNT.L