23rd Jul 2007 07:00
Adventis Group PLC23 July 2007 For release 7.00am July 23, 2007 Adventis Group plc (ATG.L) Trading Update Adventis Group plc ("Adventis" or the "Company"), the AIM-listed full servicemultimedia marketing and advertising agency, announces that trading for thefirst half of the year was in line with market expectations. The Company announced a number of major new account wins across variousdivisions on 22 June 2007. This progress has been maintained with new clientsestablishing their presence and our three divisions, namely property, healthcareand financial services, continuing to perform well. Adventis' healthcare creative agencies, Affiniti, Roundhouse and Leapfrog willbe moving into centralised premises in Beaconsfield, adjacent to the M25 inmid-August. The Company anticipates that this move will generate opportunitiesfor cross selling, synergies and economies of scale. Adventis is pleased also to announce that it has now made the second earn-outpayment of approximately £0.379 million for the acquisition of Affiniti (UK)Limited, the terms of which were originally announced on 16 December 2004,comprising £227,623 in cash and the issue of 410,130 Adventis new ordinaryshares of 0.25p each ("Shares"). In addition, the Company is pleased to announcethat it has now made the first deferred consideration and earn-out payments ofapproximately £0.381 million for the acquisition of Roundhouse AdvertisingLimited, the terms of which were originally announced on 23 May 2006, comprising£215,668 in cash and the issue of 266,310 Shares. Finally, Adventis is pleasedto announce that it has now made payments of approximately £0.313 millionfollowing the exercise of put options relating to Adgenda Media Limited, theterms of which were originally announced on 30 March 2005, relating to the firsttwo years of this deal and comprising £235,265 in cash and the issue of 126,485Adventis Shares. Application has been made for the admission to trading on AIM of the 802,925Shares and dealings are expected to commence therein on Wednesday 24 July 2007. The Board looks forward to announcing interim results for the six months ended30 June 2007 towards the end of September. Charles Phillpot, Chief Executive of Adventis Group plc, commented: "We have seen solid progress in the first half from all divisions within theGroup and we look forward to increasing our share in our market sectors, whilstat the same time remaining alert to selective acquisition opportunities thatmight present themselves". -ENDS- Enquiries: Adventis Group PlcCharles Phillpot, CEO Tel: 020 7034 4750Peter Linnell, Finance Director Tel: 020 7034 4795 Adventis Financial PRChris Steele Tel: 020 7034 4759Tarquin Edwards Tel: 020 7034 4758 Arbuthnot SecuritiesTom Griffiths Tel: 020 7012 2000 Editor's Note: Adventis Group plc, provides a complete range of communications services,including corporate identity programmes, advertising campaigns, media andplanning and buying, literature, public relations, packaging, exhibitions,research and planning, interiors signage and digital media. The group employsc.150 staff in London and the southeast. Adventis has three divisions focusing on providing a range of services to theproperty, healthcare and financial sectors. Adventis Group was admitted to AIMin 2004. www.adventis.co.uk This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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