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Benchmark Hlgs PLC (BMK)

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Wednesday 10 December, 2014

Benchmark Hlgs PLC

Proposed Placing and Acquisitions Update

RNS Number : 3882Z
Benchmark Holdings PLC
10 December 2014
 



 

 

 

10 December 2014

 

Benchmark Holdings plc

("Benchmark" or the "Company" or the "Group")

 

Proposed Placing and Acquisitions Transaction Update

Acquisition of additional shares in Stofnfiskur HF

 

Further to the announcement of the proposed Placing and Acquisitions made on 24 November 2014, Benchmark is now pleased to announce that it has entered into additional Stofnfiskur Transfer Agreements to acquire a further 7.61 per cent. of the shares in Stofnfiskur with the result that, on completion of the Stofnfiskur Acquisition, Benchmark will hold 89.45 per cent. of the issued share capital of Stofnfiskur.  Accordingly, the aggregate initial consideration for the acquisition of Stofnfiskur is now approximately £21.8m, and the maximum aggregate payment under the Stofnfiskur Earn-Out is approximately £9.0m.

Defined terms used in this announcement have the meanings set out in the Circular published by the Company on 24 November 2014 relating to the Placing and Acquisitions.  A copy of the Circular is available on the Company's website at www.benchmarkplc.com.

 

-Ends-

 

For further information, please contact:

 


Benchmark Holdings plc

Tel: 020 7920 3150

Malcolm Pye, CEO

 

Roland Bonney, COO


Amy Firth, Head of Communications




Cenkos Securities PLC

Tel: 020 7397 8900

Ivonne Cantu/Liz Bowman (NOMAD)


Russell Kerr (Sales)




Tavistock Communications

Tel: 020 7920 3150

Catriona Valentine / Niall Walsh / Keeley Clarke



 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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