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Final Adjustment of Acquisition of Isotek

3rd Feb 2012 16:18

RNS Number : 8067W
Filtronic PLC
03 February 2012
 



 

 

 

03 February 2012

Filtronic plc ("Filtronic")

Final Adjustment of Acquisition of Isotek

 

 

Following completion of the acquisition of Isotek (Holdings) Limited ("Isotek") in November 2010 and agreement on the completion statements for Isotek with the resulting working capital adjustment announced on 2 August 2011, Filtronic announces a final adjustment since agreed with the vendors of Isotek.

 

As a result, in accordance with the terms of the acquisition, a total of 412,051 existing ordinary shares of Filtronic have been sold by Filtronic on behalf of the vendors of Isotek. As vendors of part of Isotek, Alan Needle and Chris Mobbs are therefore treated as having disposed of, respectively, 67,249 and 83,473 shares in Filtronic, in both cases at 24.5p per share.

 

As before, the net proceeds of the sale will be retained by Filtronic.

 

Enquiries: 

Filtronic plc

01325 301111

Hemant Mardia, CEO

Mike Brennan, CFO

Panmure Gordon (UK) Limited

020 7459 3600

Dominic Morley

Brett Jacobs

Walbrook PR Limited

020 7933 8780

Fiona Henson

[email protected]

Bob Huxford

[email protected]

 

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