How much did ARMOUR GROUP PLC pay to buy THE HI-END LTD (both UK companies) in 2004?
100%. Thanks! And fast too.
Dear jjfap-ga,
The following information appears in the Company?s 2004 Annual Report.
Page 9
?On 23 September 2004, the Group announced the acquisition of The
Hi-End Limited (?Hi-End?) [...] The consideration, payable in cash
from the Group?s existing facilities, totals 1.75 million of which
1.6 million was paid on completion with the balance being payable
three months after completion. The
net assets acquired at completion of 0.4 million, which included 0.3
million in cash, generated an attributable profit before taxation of
0.28 million in the year ended 31 December 2003 on sales of 1.2
million.?
Page 53
?28 POST BALANCE SHEET EVENTS
On 23 September 2004, the Group announced the acquisition of The
Hi-End Limited for a consideration of 1.75 million satisfied by 1.6
million in cash and 0.15 million in cash but deferred for three
months subject to confirmation of the net asset position at
completion.?
http://www.armourgroup.uk.com/downloads/Armour_Group_RA.pdf
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