Update on Acquisition (5577N)
02 September 2011 - 3:51PM
UK Regulatory
TIDMSID
RNS Number : 5577N
Silverdell PLC
02 September 2011
Silverdell Plc
("Silverdell Plc" or "the Company")
Completion of Acquisition
Silverdell Plc announces that the acquisition of RDS Asbestos
Management Consultants [UK] Limited by Redhill Analysts Limited, a
subsidiary of Silverdell Plc, has been completed. Initial
consideration payable on completion of the acquisition was
satisfied by the payment of GBP895,000 in cash and by the issue of
5,550,000 ordinary shares in Silverdell Plc ("Consideration
Shares").
The Consideration Shares are expected to be admitted to trading
on AIM on 5 September 2011. Following admission of the
Consideration Shares the total voting rights in ordinary shares
with voting rights will be 180,839,719.
The above figure may be used by shareholders as the denominator
for the calculations by which they will determine if they are
required to notify their interest in, or a change to their interest
in, Silverdell Plc under the FSA's Disclosure and Transparency
Rules.
Enquiries:
Silverdell Tel: 020 7004 2741
Sean Nutley, Chief Executive
Ian Johnson, Finance Director
finnCap Tel: 020 7600 1658
Marc Young - Corporate Finance
Ben Thompson - Corporate Finance
Tom Jenkins - Corporate Broking
College Hill Tel: 020 7457 2020
Mark Garraway
Helen Tarbet
This information is provided by RNS
The company news service from the London Stock Exchange
END
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