Payment of Deferred considera

RNS Number : 3421Y

Adventis Group PLC

04 July 2008

 



For release 4 July 2008

Adventis Group plc ('Adventis' or 'the Company')

Payments of deferred and earn-out consideration

Adventis, the full service multimedia marketing and advertising agency, is pleased to announce that it has now made a number of performance related deferred consideration and earn-out payments, amounting to GBP2,208,844:

• In respect of the acquisition of Coltman Media Company Limited, originally announced on 23 May 2006, a cash settlement of GBP765,000.

• In respect of the acquisition of Affiniti (UK) Limited, originally announced on 16 December 2004, a cash settlement of GBP158,576.

• In respect of the acquisition of Roundhouse Advertising Limited, originally announced on 23 May 2006, a cash settlement of GBP603,921.

• In respect of the acquisition of Leapfrog Medical Communications Limited, originally announced on 6 February 2007, a cash settlement of GBP279,560.

• Following the exercise of put options relating to Adgenda Media Limited, originally announced on 30 March 2005, relating to the third year of this deal and comprising GBP401,787.

Enquiries:

Adventis Group

Peter Linnell, Finance Director      020 7034 4795

Arbuthnot Securities 

Tom Griffiths                                020 7012 2122

Adventis Financial PR 

Chris Steele                                  020 7034 4759

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