PHSC


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PHSC

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After the 79,186 new ordinary shares are admitted to trading on AIM, PHSC will have a total of 10,461,159 ordinary shares in issue.
This acquisition is expected to enable PHSC to offer a number of new services.
Furthermore, PHSC will purchase cash and other assets of B2B at fair value based on the completion accounts.
Country: UKSector: Business and Consumer ServicesTarget: B to B Links Limited (B2B)Buyer: PHSC plcDeal size in USD: 1.
Additional synergies are expected from PHSC being now able to run a satellite operation from the Scottish office of QCS, it said, adding that currently its clients in Scotland are being serviced from personnel in England.
Some 20% of the customers of Quality Leisure Management Limited (QLM), a subsidiary of PHSC, are based in Scotland, the buyer added.
Under the agreed terms, PHSC will pay GBP160,000 (USD250,100/EUR203,400) in cash and 79,186 new PHSC ordinary shares at completion of the deal, as well as two additional considerations of GBP160,000 and GBP40,000 payable at one and two years from closing respectively, the buyer said.