Potential Acquisition

RNS Number : 3658X

Northamber PLC

18 December 2019

 

18 December 2019

Northamber PLC

("Northamber" or "the Company")

Potential Acquisition

The Company announces that it is in advanced discussions with regard to the potential acquisition of Audio Visual Materials Limited ("AVM") (the "Potential Acquisition").

AVM is an audio visual distributor to integrators and other trade parties and if the Potential Acquisition proceeds, it will assist in enhancing and expanding Northamber's specialist AV division which focusses on driving higher margin profitable growth for AV and IT resellers in the areas of Professional Displays, Projection, Audio, Video Conferencing, Visitor Management and Room Booking Systems. 

In the event that the Potential Acquisition were to proceed it would be classified as a Substantial Transaction for the purposes of the AIM Rules for Companies. However, there is no guarantee that it will proceed.

A further announcement will be made in due course as appropriate.

For more information please contact:

Cantor Fitzgerald Europe (Nominated Adviser & Broker)	020 7894 7000
Phil Davies Michael Boot

 

END

 

 

ACQBXBDDXUBBGCI