REG - MS International PLC - Acquisition <Origin Href="QuoteRef">MSTL.L</Origin>

MS InternationalAnnouncement

16/07/2015 11:30

RNS Number : 4903Q
MS International PLC
18 June 2015
18th June 2015
MS INTERNATIONAL plc
(the "Company")
Acquisition
MS INTERNATIONAL plc is pleased to announce that it has acquired the entire issued share capital of Petrol Sign B.V. ("Petrol Sign"), a company based in the Netherlands, from Lambooij Holdings B.V. The consideration for the acquisition is 3.4 million on a cash and debt free basis and includes "normalised" working capital. The consideration has been satisfied from the Company's existing cash resources.
Petrol Sign designs, restyles, produces and installs the complete appearance of petrol station superstructures and forecourts. The acquisition will enhance and widen the ability of the Company's 'Petrol Station Superstructure Division' to offer a more complete package of services to customers.
For the financial year ended 31st December 2014, Petrol Sign had unaudited revenues of 4,156,000 (3,190,000:2013) and an unaudited profit before taxation of 446,000 (196,000:2013). As at 31st December 2014, Petrol Sign had unaudited net assets of 756,000.
 
For further information please contact:
MS INTERNATIONAL plc
Michael Bell  Tel: 01 302 322133
Shore Capital
Nomad and Broker
Bidhi Bhoma/Patrick Castle  Tel: (0) 20 7408 4090

This information is provided by RNS
The company news service from the London Stock Exchange
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