Acquisition of additional shares in MediradiX

RNS Number : 0274K

Empresaria Group PLC

15 August 2012

 



15 August 2012

Empresaria Group plc ("Empresaria" or the "Company")

Acquisition of additional shares in MediradiX subsidiaries

Empresaria, the AIM quoted staffing specialist, announces that, pursuant to a shareholders' agreement originally entered into on 18 July 2008, it has acquired a further 26.7 per cent. of the issued shares of each of MediradiX Oy (Finland) and MediradiX OÜ (Estonia). Empresaria now holds 86.7 per cent. of the shares of both these companies. The Company has paid aggregate cash consideration of EUR 0.1m to the vendor for the shares although this amount remains subject to possible final adjustment.

MediradiX specialises in the placement of doctors, dentists and nurses into hospitals and health centres on a temporary basis. In the year to 31 December 2011, MediradiX generated revenue of GBP 10 million and profit before tax of GBP 0.6 million.

For further information contact:

Empresaria Group plc Joost Kreulen, Chief Executive Spencer Wreford, Group Finance Director	01342 711430
Altium (Nominated Adviser) Tim Richardson	0207 484 4040
Allenby Capital Limited (Broker) Nick Naylor	0203 328 5656

Notes for editors:

Empresaria Group plc (AIM: EMR; Sector: Support Services, Staffing) operates in 19 countries with over 800 internal staff.

Empresaria Group plc applies a management equity philosophy and business model, with group company management teams holding significant equity in their own businesses.

 

END

 

 

ACQDZLFFLVFZBBX