Trading Update
Adventis Group PLC
23 July 2007
For release 7.00am July 23, 2007
Adventis Group plc (ATG.L)
Trading Update
Adventis Group plc ('Adventis' or the 'Company'), the AIM-listed full service
multimedia marketing and advertising agency, announces that trading for the
first half of the year was in line with market expectations.
The Company announced a number of major new account wins across various
divisions on 22 June 2007. This progress has been maintained with new clients
establishing their presence and our three divisions, namely property, healthcare
and financial services, continuing to perform well.
Adventis' healthcare creative agencies, Affiniti, Roundhouse and Leapfrog will
be moving into centralised premises in Beaconsfield, adjacent to the M25 in
mid-August. The Company anticipates that this move will generate opportunities
for cross selling, synergies and economies of scale.
Adventis is pleased also to announce that it has now made the second earn-out
payment of approximately £0.379 million for the acquisition of Affiniti (UK)
Limited, the terms of which were originally announced on 16 December 2004,
comprising £227,623 in cash and the issue of 410,130 Adventis new ordinary
shares of 0.25p each ('Shares'). In addition, the Company is pleased to announce
that it has now made the first deferred consideration and earn-out payments of
approximately £0.381 million for the acquisition of Roundhouse Advertising
Limited, the terms of which were originally announced on 23 May 2006, comprising
£215,668 in cash and the issue of 266,310 Shares. Finally, Adventis is pleased
to announce that it has now made payments of approximately £0.313 million
following the exercise of put options relating to Adgenda Media Limited, the
terms of which were originally announced on 30 March 2005, relating to the first
two years of this deal and comprising £235,265 in cash and the issue of 126,485
Adventis Shares.
Application has been made for the admission to trading on AIM of the 802,925
Shares and dealings are expected to commence therein on Wednesday 24 July 2007.
The Board looks forward to announcing interim results for the six months ended
30 June 2007 towards the end of September.
Charles Phillpot, Chief Executive of Adventis Group plc, commented:
'We have seen solid progress in the first half from all divisions within the
Group and we look forward to increasing our share in our market sectors, whilst
at the same time remaining alert to selective acquisition opportunities that
might present themselves'.
-ENDS-
Enquiries:
Adventis Group Plc
Charles Phillpot, CEO Tel: 020 7034 4750
Peter Linnell, Finance Director Tel: 020 7034 4795
Adventis Financial PR
Chris Steele Tel: 020 7034 4759
Tarquin Edwards Tel: 020 7034 4758
Arbuthnot Securities
Tom Griffiths Tel: 020 7012 2000
Editor's Note:
Adventis Group plc, provides a complete range of communications services,
including corporate identity programmes, advertising campaigns, media and
planning and buying, literature, public relations, packaging, exhibitions,
research and planning, interiors signage and digital media. The group employs
c.150 staff in London and the southeast.
Adventis has three divisions focusing on providing a range of services to the
property, healthcare and financial sectors. Adventis Group was admitted to AIM
in 2004.
www.adventis.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange