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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Creative Educ | LSE:CEC | London | Ordinary Share | GB0032667916 | ORD 0.1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.10 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:7375K Creative Education Corp Plc 06 April 2005 The Creative Education Corporation Plc ("CEC" or "Company") is pleased to announce that, further to the announcement on 9 February 2005, it has today completed the acquisition of the entire issued share capital of Headstart (NT) Limited, Headstart (PE) Limited, Headstart MK Ltd and Headstart (LB) Ltd, (together "Headstart") from Gary and Julie Moinet ("the Vendors"). Headstart operates five nurseries in Peterborough, Northampton, Leighton Buzzard and Milton Keynes (2) with a total of 242 places of which the nurseries in Peterborough and Northampton are freehold properties. Each nursery has established a sound reputation in their local area with occupancy currently at an average across the nurseries of 72 per cent. based on full time equivalent nursery places being filled. The acquisition was conditional on CEC's nominee being registered by OFSTED as the new day care provider in respect of each Headstart nursery. The consideration for Headstart was #1,500,000 to the Vendors satisfied as to #1,330,000 in cash, #70,000 convertible loan notes and #100,000 by the issue of 1,818,181 new ordinary shares of 1 penny each in CEC at an issue price of 5.5 pence per share, such price having been calculated in accordance with the sale and purchase agreement at the average of the middle market listing of one CEC ordinary share on AIM as calculated from the Daily Official List for the five dealing days up to and including the third dealing day prior to 6 April 2005. Application has been made for these consideration shares to be admitted to trading on AIM with effect from 12 April 2005. Further information David Alexander - CEC 020 8864 5147 Olly Cairns - Corporate Synergy Plc 020 7626 2244 This information is provided by RNS The company news service from the London Stock Exchange END ACQEAXLKESKSEFE
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