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Completion of sale of Deal Group Media Pty Ltd

25th Oct 2010 10:42

RNS Number : 9400U
Asia Digital Holdings PLC
25 October 2010
 



 

 Press Release

25 October 2010

 

 

Asia Digital Holdings plc

("Asia Digital" or "the Group")

 

Completion of sale of Deal Group Media Pty Limited

 

 

Asia Digital Holdings plc (AIM:ADH), an independent online marketing group, announces that it has completed the sale of the entire issued share capital of its Australian business, Deal Group Media Pty Limited, along with all intellectual property required to run the operation in Australia and New Zealand, to Digital Performance Group Ltd, an Australian Stock Exchange listed holding company formerly known as ComTel Corporation.

 

Asia Digital has received the gross initial sum of AU$2.1 million and anticipates receiving the second purchase price instalment of between AU$1.4 million and AU$1.9 million within one month, leaving a final instalment of up to AU$1.0 million expected to be paid in November 2011.

 

- Ends -

 

For further information, please contact:

Asia Digital Holdings plc

 

Adrian Moss, Chief Executive

Tel: 00 65 6508 9202

www.adhplc.asia

 

 

Astaire Securities Plc

Gavin Burnell / Rod Venables

Tel: +44 (0) 20 7448 4400

Katie Shelton (Corporate Broking)

www.astairesecurities.co.uk

 

Abchurch Communications

Heather Salmond / Nick Probert

Tel: +44 (0) 20 7398 7715

[email protected]

www.abchurch-group.com

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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