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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Chloride Grp. | LSE:CHLD | London | Ordinary Share | GB0001952075 | ORD 25P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 374.60 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
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RNS No 7678d
CHLORIDE GROUP PLC
6th January 1999
CHLORIDE GROUP PLC
COMPLETION OF AGREEMENT TO ACQUIRE
ONEAC CORPORATION ("ONEAC")
On 24 November 1998, Chloride announced, together with its interim results for
the six months to 30 September 1998, that a conditional agreement had been
reached to acquire the entire shareholding in Oneac, a leading UPS and power
conditioning company based in the USA, for a cash consideration of US$30
million, payable on completion, plus up to a further US$5 million in cash
depending on Oneac's earnings for the period to 30 November 1999.
The conditions applying to the acquisition have now been satisfied and the
agreement was completed on 5 January 1999.
Keith Hodgkinson, Chief Executive of Chloride, said:
"This acquisition is of major strategic importance to us. It considerably
increases Chloride's presence in the USA, the largest and fastest growing UPS
market in the world. Also, the complementary product range will enable
Chloride to deliver total power protection solutions to its customers
worldwide."
Enquiries:
Chloride Group PLC
Keith Hodgkinson, Chief Executive Tel: 0171 834 5500
Neil Warner, Finance Director
Hudson Sandler Limited
Andrew Hayes Tel: 0171 796 4133
James Cracknell
____________________
END
ACQNFNFKEAPNEEN
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