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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Volution Group Plc | LSE:FAN | London | Ordinary Share | GB00BN3ZZ526 | ORD GBP0.01 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
1.00 | 0.20% | 504.00 | 503.00 | 504.00 | 505.00 | 498.50 | 501.00 | 99,956 | 11:22:16 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Equip Rental & Leasing, Nec | 328.01M | 37.37M | 0.1889 | 26.52 | 994.9M |
RNS Number:7051V First Artist Corporation PLC 30 April 2007 First Artist Corporation plc First Artist Corporation plc acquires Yell Communications First Artist Corporation plc ("First Artist" or the "Group"), the integrated marketing, sport and entertainment management group is pleased to announce that it has purchased the whole of the issued share capital of Yell Communications Limited ("Yell Communications"), the event and delegate management business. The initial purchase consideration of #100,000 plus net assets as at completion, (expected to amount to approximately #280,000) will be funded from the Group's existing cash resources. The final purchase consideration, including the initial amount, will total #1,000,000 plus net assets and will be payable over three years. The final consideration will be contingent on the achievement of Yell Communications Limited of certain profitability targets. In the un-audited Financial Statements for the year 31 March 2006, Yell Communications had revenues of #1,131,772 and pre.tax operating profits of #246,704. Its net assets at that date were #297,080. First Artist expects the acquisition to be immediately earnings and cashflow enhancing. The business of Yell will be integrated directly into the Group's own event business, The Finishing Touch. This acquisition is part of First Artist's stated strategy to grow a broad based integrated group around the five balanced business areas; Marketing, Sport, Wealth Management, Events and Entertainment. Richard Hughes, Group Managing Director of First Artist Corporation said: "Yell Communications specialises in events and delegate management, particularly for clients in the financial services industry. This acquisition enables us to further expand our corporate events business, The Finishing Touch and to enhance our own delivery of multi-site delegate and conference management services; it sits well within our stated strategy of growing a broad based Group around the five distinct divisions." - ends - Enquiries First Artist Management plc Jon Smith, Chief Executive Richard Hughes, Group Managing Director Tel: +44(0) 208 900 1818 Bell Pottinger Corporate & Financial Peter Otero / Rosanne Perry Tel: +44(0) 207 861 3232 This information is provided by RNS The company news service from the London Stock Exchange END ACQPUUBUCUPMGMM
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