Payment of deferred considera

RNS Number : 3761Z

Parkmead Group (The) PLC

12 January 2011

 

The Parkmead group plc

("Parkmead" or the "Company")

Receipt of Deferred Consideration

The Company reports that it has today been paid the full deferred cash consideration of £1,969,449.55 owed to it by Mr D Mills pursuant to the Company's disposal of Quayside Corporate Services Limited to Mr Mills in 2007.

Receipt of this payment satisfies in full the consideration due to Parkmead by Mr Mills.

For further information please contact:

The Parkmead Group plc
Donald MacKay	0845 604 8806
Charles Stanley Securities	020 7149 6000
Nominated Adviser and Broker
Marc Milmo / Carl Holmes

 

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