ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for discussion Register to chat with like-minded investors on our interactive forums.

DLG Direct Line Insurance Group Plc

268.40
1.20 (0.45%)
Last Updated: 09:47:53
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Direct Line Insurance Group Plc LSE:DLG London Ordinary Share GB00BY9D0Y18 ORD 10 10/11P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  1.20 0.45% 268.40 268.20 268.40 268.80 265.80 265.80 1,683,946 09:47:53
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Fire, Marine, Casualty Ins 2.86B 222.9M 0.1700 15.80 3.5B

Completion of Acquisition

25/10/2004 8:01am

UK Regulatory


    Embargoed: 0700hrs, 25 October 2004

                               Delling Group Plc                               

                          ("Delling" or the "Group")                           

                           Completion of Acquisition                           

Delling Group Plc, the marketing support services group, is delighted to
announce the completion of its first acquisition since joining the Alternative
Investment Market last week.

As proposed in the recent admission document, Delling has now completed the
acquisition Depicta Fame, a leading, profitable Norway-based expo material
production company whose clients include Statoil, Norsk Hydro and McDonalds.
Depicta Fame is in the business of printing images and materials for billboard,
banner and poster advertising and has an excellent strategic fit within
Delling's outsourcing and media production division.

Delling has acquired Depicta Fame for approximately £830,000 which has been
satisfied though a combination of shares and cash. In the eight months to
August 2004 Depicta Fame had unaudited sales of approximately £1.1m and a
pre-tax profit of approximately £150,000. Delling believes there is significant
potential to increase the profits of Depicta Fame by taking immediate advantage
of the synergies in the media production division. This will include the
transfer of business that Delling currently out sources to sub contractors in
Sweden to Depicta Fame in Oslo. There are also cross-selling opportunities as a
result of this acquisition.

Aksel Bratvedt,Chief Executive, commented,

"I am very pleased to have completed our first acquisition since listing on the
London Stock Exchange. We are establishing an acquisition programme in the
outsourcing and media production area of Delling and this represents the first
step in the implementation of that programme. Depicta will enhance the offering
of our media production division where we are very confident that we can
increase sales to the benefit of our shareholders."

                                    -ends-                                     

For further information please contact:

Aksel Bratvedt,Chief Executive

Geir Lolleng, Chief Operating Officer

Delling Group plc

020 7010 8210

Ben Simons/Chris Roberts

Hansard Communications

020 7245 1100



END



1 Year Direct Line Insurance Chart

1 Year Direct Line Insurance Chart

1 Month Direct Line Insurance Chart

1 Month Direct Line Insurance Chart

Your Recent History

Delayed Upgrade Clock