4th Jan 2010 13:11
Holders Technology plc
("Holders Technology" or the "Company")
Providers of specialised materials, equipment and services to the
electronics industry
Acquisition
Holders Technology is pleased to announce that on 21 December 2009 it acquired 100% of the share capital of J K Components Limited (JKC). JKC is a distributor of components to the electronics industry. JKC recorded a loss of £40,000 on revenue of £1.1 million in the year ended 28 February 2009. The consideration for the acquisition was £1 plus an element of deferred consideration based on the net profits for each of the three years following the date of acquisition. The Company will also invest approximately £150,000 in JKC to enhance JKC's working capital.
For further information, contact:
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Holders Technology plc
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020 8731 4336
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Mr Rudi Weinreich, Chairman and Chief Executive
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Mr Jim Shawyer, Group Finance Director
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Astaire Securities plc – Nomad & Broker
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020 7448 4400
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Shane Gallwey/ Jo Turner
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Website www.holderstechnology.com
Related Shares:
HDT.L