August 10, 2017 / 6:54 AM / 8 days ago

BRIEF-Charles Taylor's unit buy 3 criterion businesses

Aug 10 (Reuters) - CHARLES TAYLOR PLC

* UNIT BOUGHT CRITERION ADJUSTERS, CRITERION SURVEYORS, CRITERION CLAIMS MANAGEMENT FOR A MAXIMUM CONSIDERATION OF £13.1 MILLION

* CHARLES TAYLOR PAID £5.3 MILLION IN CASH ON COMPLETION TO ACQUIRE 100% OF EQUITY OF THREE CRITERION BUSINESSES

* £1.0 MILLION PAID TO SHAREHOLDERS TO REFLECT NET CASH POSITION OF COMPANY, TO ENABLE THEM TO SETTLE DIRECTORS' LOANS OWING TO CRITERION

* ACQUISITION IS EXPECTED TO CONTRIBUTE TO REVENUE, PROFITS AND EARNINGS IN YEAR ENDING 31 DECEMBER 2018 AND IN SUBSEQUENT YEARS SOURCE TEXT FOR EIKON: FURTHER COMPANY COVERAGE:

0 : 0
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