Stmnt re Share Price Movement

RNS Number : 4261I

Next Fifteen Communications Grp PLC

08 December 2015

 



8 December 2015

Next Fifteen Communications Group plc ("Next 15" or the "Company")

Statement re Share Price Movement

The Board of Next 15, the digital communications group, notes the recent strength in the Company's share price and confirms that it is at an advanced stage of negotiations with regard to the acquisition of a small digital agency based in the UK for an initial cash consideration of £3.8 million. It is intended that the acquisition would be funded by a placing of new ordinary shares representing up to 5% of the Company's issued share capital with the remainder of the net proceeds being allocated by Next 15 to fund other acquisition and investment opportunities in the near term.

The Company continues to trade in line with management expectations.

A further announcement will be made in due course.

Enquiries:

Next Fifteen Communications Group plc                                                            [phone]

Tim Dyson, CEO

Peter Harris, CFO         

Investec Bank plc - Nominated adviser and Broker                                         [phone]

Keith Anderson / Matt Lewis                                                                                   

Dominic Emery

 

END

 

 

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