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SKHG Sky High

15.50
0.00 (0.00%)
19 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Sky High LSE:SKHG London Ordinary Share GB00B1LCP739 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 15.50 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Acquisition

15/08/2007 12:33pm

UK Regulatory


RNS Number:1436C
Sky High PLC
15 August 2007



                                  Sky High Plc

                         ("Sky High" or the "Company")



Sky High Plc announces the acquisition of the 50% of the ordinary share capital
of Sky High Australia PTY ("SH Australia") that is not already owned by the
Company and its subsidiaries.

The consideration for the acquisition comprises #25,000 in cash together with
the issuance of 416,666 ordinary shares of 10 pence in the Company, all payable
at completion.

SH Australia, which was established in January 2005, provides traffic data
collection and transportation studies in the major cities in Australia.  The
most recently audited report and accounts, covering the 12 months to June 2006,
show SH Australia making a profit before tax of AUS$173,000 on sales of
AUS$641,000 and having net assets of AUS$107,000.

Sky High's Chairman, Richard Jackson, commented:

"Acquiring the outstanding share capital in SH Australia is a natural step in
the stated strategy for the Company.  The Board is excited by the prospects for
growth both within Australia and from neighbouring countries."


Application for the new ordinary shares to be admitted to trading on AIM has
been made.  Admission of the new ordinary shares is expected on 17 August 2007.

For further information, please contact:

Sky High Plc
Richard Jackson, Chairman                              01937 833 933


Blue Oar Securities Plc
Mike Coe / Marc Davies                                 0117 933 0020




                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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