1 Dec 2009 17:48
Cyril Sweett Group plc ('Cyril Sweett' or 'the Group')
Deferred consideration
Under the terms of the sale and purchase agreement for the acquisition of Burns Bridge Holdings Pty Limited, dated 27 March 2008, Cyril Sweett agreed to make deferred consideration payments to the vendors of Burns Bridge Holdings Pty Limited provided that certain performance related targets were achieved.
Accordingly, Cyril Sweett is pleased to announce that a total of 989,735 ordinary shares of 10p each in the Company (the 'Ordinary Shares') have been transferred to the vendors of Burns Bridge Holdings Pty Limited from shares previously held by the Company in Treasury.
Following this transaction Cyril Sweett's capital consists of 57,582,328 Ordinary Shares and the Group holds 428,654 Ordinary Shares in Treasury. As a result, the total number of voting rights in Cyril Sweett is 57,153,674.
For further enquiries please contact:
Cyril Sweett Group plc
Francesca Wilson, Company Secretary 0207 061 9053
Brewin Dolphin Investment Banking 0845 270 8613
Andrew Kitchingman
Sean Wyndham-Quin
Ends.