Belgravium Technologies PLC Completion of acquisition (4227B)
January 06 2015 - 8:00AM
UK Regulatory
TIDMBVM
RNS Number : 4227B
Belgravium Technologies PLC
06 January 2015
6 January 2015
BELGRAVIUM TECHNOLOGIES PLC
(AIM: BVM)
Completion of Acquisition
Belgravium Technologies plc ("Belgravium" or the "Company"), the
provider of software applications and solutions for the airline,
rail, retail and logistics industries is pleased to announce that
the acquisition of the entire issued share capital of Access Fire
and Security Ltd ("AFS "), details of which were announced on 4
December 2014, was completed as planned on 31 December 2014. At
completion, the AFS balance sheet included GBP203,000 of cash,
GBP33,000 more than the amount contractually required. This will
reduce the effective net cost of the AFS to Belgravium. The
headline consideration for AFS is GBP500,000.
Commenting on the acquisition John Kembery, Chairman of
Belgravium, said "this is a small but strategically important deal
since it is both earning enhancing and another step forward in the
development for Feedback Data, acquired in 2013."
Contacts:
Belgravium Technologies Plc www.belgravium-ir.com
John Kembery, Executive Chairman +44 (0) 7770 731021
Mark Hardy, Group Managing
Director +44 (0) 1274 741860
WH Ireland Limited (Nominated www.wh-ireland.co.uk
Adviser and Broker)
+44 (0) 117 945
Mike Coe / Ed Allsopp 3470
This information is provided by RNS
The company news service from the London Stock Exchange
END
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