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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Personal Screen | LSE:PSP | London | Ordinary Share | GB0003486585 | 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% | 0.085 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:6540J Personal Screening PLC 11 December 2007 11th December 2007 PERSONAL SCREENING PLC Acquisition Personal Screening Plc ("the Company") is pleased to announce that it has acquired the whole issued share capital of Over50s.com Limited ("Over50s"). Over50s is a web portal most of whose members are also part of that demographic group. The unaudited financial statements of Over50s for the year ended 30th June 2006 show a turnover of #22,878, loss before tax of #10,562 and net liabilities of #68,072. All liabilities have been converted to equity before the purchase. The total consideration for the acquisition of Over50s was #103,483 made up as to #5,000 in cash and #98,483 by the issue to the vendors of 19,696,600 ordinary shares in the Company at 0.5p per share, representing 6.35% of the enlarged issued share capital of the Company. Application is being made for the consideration shares to be admitted to AIM and trading in such shares is expected to commence on 17th December 2007. Commenting on the acquisition, Michael Scorey, Chairman of Personal Screening Plc, said: "Over50s is a sophisticated and targeted web site which has, to date, been largely unexploited. Most of Personal Screening Plc's existing sales of self test medical kits are made to consumers aged over 50 and the Company has, for some time, been seeking an internet marketing capability which would enable it to capitalise on this fact. The Over50s portal will enable us to sell not only medical kits but also a wider range of health and lifestyle products to this rapidly growing sector. Consumers who are aged 50 and over are already estimated to account for some 40 per cent of UK discretionary expenditure and this figure is forecast to rise significantly in future years." Geoff Ellis, the Managing Director of Over50s said: "We are delighted to have become part of the Personal Screening Plc group whose range of existing products and contacts with a large number of suppliers of other health and lifestyle goods and services are exactly what Over50s now needs in order to be able to exploit the portal which it has created. This is an exciting time to be working in this sector. By 2020 more than half of the UK population will be over 50 and most of these potential consumers are already well established web users. More than 58% of them have broadband and many spend as much as 14 hours a week on line. The over 50s will be the one of the main driving forces behind e-commerce growth in years to come." Personal Screening plc Michael Scorey, Chairman 01384 352 717 michaelscorey@perscreen.com Nominated Adviser - Nabarro Wells & Co. Limited Marc Cramsie 020 7710 7400 Adventis Financial PR Chris Steele 020 7034 4759 This information is provided by RNS The company news service from the London Stock Exchange END ACQEAAAFFAKXFFE
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