Acquisition

Screen PLC 18 September 2000 SCREEN PLC ('the Company') Acquisition of ProVida The Company announces that it has agreed to acquire the ProVida in-car surveillance business from JAI AS, an international speed enforcement and video surveillance business based in Denmark. The initial consideration is £3.5m in cash paid on completion and a further £0.25m of deferred consideration consequent on performance. Net assets at the date of the acquisition are expected to be approximately £250,000. In the 12 month period to 31 March 2000, ProVida had sales of £700,000 and a loss of £27,000. ProVida is an addition to the Datax product range, best known for its weekly television appearance in the UK, on Police, Camera, Action and similar programmes in many of the 21 countries whose police forces use the in-car video surveillance system. The ProVida system is used to record the in-car video footage necessary to secure convictions of motorists caught speeding or violating driving laws and is used by all UK Police Forces and many continental and world wide forces.
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