5th May 2006 14:40
SMC Group Plc05 May 2006 5 May 2006 For immediate release SMC Group Plc Stage payment in respect of acquisition of DTR:UK Ltd SMC Group Plc, ("SMC" or the "Company"), the AIM-listed leading group ofarchitects and designers, announces the payment of the next stage ofconsideration in respect of the acquisition of DTR:UK Ltd, announced on 28October 2005. The Company has issued 283,215 new ordinary shares of 0.5 pence each at a priceof 171.7 pence per share, being the average closing share price for 28, 29 and30 March 2006. The Company has also issued loan notes totalling £486,186. Theconsideration was calculated with reference to SMC DTR:UK's first quarter 2006performance. Application has been made for the New Ordinary Shares to be admitted to AIM. Itis expected that dealings in the New Ordinary Shares will commence on 11 May2006. For further information please contact: SMC Group Plc Tel: 44 (0) 20 7495 5335Stewart McColl Noble & Company Limited Tel: 44 (0) 20 7763 2200Matthew Hall Bell Pottinger Corporate & Financial Tel: 44 (0) 20 7861 3232David Rydell/Geoff Callow - ends - This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
ARL.L