DGM India Disposal Completion

RNS Number : 9439G

Asia Digital Holdings PLC

04 July 2012

 



Press Release

4 July 2012

 

 

Asia Digital Holdings plc

("Asia Digital", "ADH" or "the Group")

Completion of the disposal of DGM Internet Marketing Private Limited ("DGM India")

Further to the announcement on 13 June 2012, Asia Digital Holdings plc (AIM:ADH), an independent online marketing group, announces that the disposal of DGM India to Tyroo Media Private Limited and to Inflection Digital Holdings Private Limited, has now been completed.

On completion, the final gross consideration payment due to ADH was Rupees 7,875,000, (approximately GBP 90,928).

Actual cash paid to ADH, after Indian taxes, was Rupees 6,253,021.32 (approximately GBP 71,292.00)

- End -

For further information, please contact:

Asia Digital Holdings plc
Adrian Moss, Chief Executive	[e-mail]
www.adhplc.asia

Northland Capital Partners
Gavin Burnell / Rod Venables	Tel:  [phone]
Katie Shelton (Corporate Broking)

Abchurch Communications
Joanne Shears/Oliver Baxendale	Tel: [phone]
	www.abchurch-group.com

 

END

 

 

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