14th Jul 2006 14:45
Chime Communications PLC14 July 2006 Chime Communications plc("Chime" or "The Company") Chime announces that as a result of the achievement of the profit targets setunder the original agreement to acquire Baxter Hulme PR and Marketing Limited,initial deferred consideration has become payable. Chime is therefore issuing602,941 new ordinary shares of 5 pence each. Application has been made forthese shares to be admitted to trading on the London Stock Exchange, which isexpected to occur on 17 July 2006. Under the terms of the acquisition agreement dated 22 July 2005 there aredeferred payments to be made up to a maximum of £0.7 million subject to theachievement of profit targets. The next payment will not be due until April2009. Enquiries Lord Bell, ChairmanMark Smith, Finance Director Tel: 020 7861 8515 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
CHW.L