Final payment re Redstone acquisition

RNS Number : 5310W

Coms PLC

10 November 2014

 



10 November 2014

                                                                                           Coms plc

('Coms' or the 'Company')

Final deferred consideration payment in relation to acquisition of Redstone

Coms, a leading provider of telecommunications products, services and infrastructure, today announces that payment of the final deferred consideration, due on 21 November 2014, in relation to the Company's acquisition of Comunica Holdings Ltd (since renamed Redstone) from Castleton Technology plc (formerly Redstone plc) was paid three weeks early, on 31 October 2014 with an agreed amount between the parties of £825,000.

ENDS

For further information, please contact:

Coms plc                                                                                             [phone]

David Breith (CEO)

Frank Beechinor (Chairman)

Charles Stanley Securities                                                           [phone]

(Nominated Adviser and Broker)

Karri Vuori/Philip Davies

Blytheweigh

(Financial Public Relations)

Paul Weigh / Alex Shilov / Eleanor Parry                               [phone]

Notes to Editors:

Coms is a leading organisation in the provision of end-to-end communication, connectivity and business services:

Business infrastructure

Cloud based solutions

Connectivity

Creative marketing and media solutions

Integrated and hosted telephony

IT support

Mobile

Smart buildings

We put stakeholders at the heart of everything we do, and by innovating and offering other robust technologies our solutions are resilient and cost effective. For more information, please visit: www.coms.com

 

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