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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Secure Income Reit Plc | LSE:SIR | London | Ordinary Share | GB00BLMQ9L68 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 461.00 | 461.00 | 461.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:2895U Sirius Financial Solutions PLC 10 April 2002 Sirius Financial Solutions plc Acquisition of Media Maker Limited On 20 July 1999, Sirius Financial Solutions plc ("Sirius" and "the Company") (previously Policy Master Group plc) announced the acquisition of Media Maker Limited ("Media Maker") for a maximum consideration of £3.4 million based on the prevailing market price at completion. This was subsequently increased to £4.5 million following the rise in the share price in the period from completion to the first earn out payment. Consideration of £515,000 was paid at completion, with the balance payable over the period to 31 December 2001 dependent on trading performance. The earn out for the first trading period from the date of acquisition to 31 December 1999 was linked to the trading performance of Media Maker in that period. This liability was satisfied by the allotment on 25 January 2000 of 421,053 ordinary shares in the Company at the prevailing share price at completion of 237.5p per share. Further consideration of £950,000 was payable in respect of the profit for the year ended 31 December 2000 and was satisfied by the issue of 304,000 shares at the then market price of 312.5p. The final element of the earn out consideration amounting to £950,000 and determined by reference to the profits of Media Maker for the year to 31 December 2001 is now due for payment. It has been agreed by the Company and the vendors that a proportion of the final earnout consideration payable to one vendor will be satisfied in cash. Accordingly, Sirius announces that 898,649 ordinary shares in the Company have been issued to the vendors of Media Maker and a payment of £118,750 has been made in cash in satisfaction of the final earnout liability. Application has been made for the new ordinary shares to be admitted to Official List of the UK Listing Authority and to London Stock Exchange plc for their admission to reading. It is expected that dealings in the new ordinary shares will commence on 16 April 2002. This information is provided by RNS The company news service from the London Stock Exchange
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