REG-PHSC plc: Acquisition of Camerascan CCTV Limited <Origin Href="QuoteRef">PHSC.L</Origin>

PHSCAnnouncement

14/12/2015 07:00

14 December 2015

                                   PHSC plc                                    

                    ("PHSC", the "Company" or the "Group")                     

                    Acquisition of Camerascan CCTV Limited                     

The Company is pleased to announce that on Friday 11 December 2015 it completed
the acquisition of Camerascan CCTV Limited ("Camerascan").

Camerascan is a business that specialises in the supply and installation of
Closed Circuit Television systems, predominantly via third party lease finance
agreements, to a commercial client base. Clients include professional service
firms, educational establishments, retailers, industrial premises and care
homes. In addition to obtaining new sales, Camerascan is well positioned to
renew existing lease contracts where clients require replacement or upgrade due
to technical obsolescence or other operational reasons. For the financial year
ended 31 December 2014 Camerascan made revenues of GBP305,796 and profit before
taxation of GBP62,803. Camerascan had net assets of £31,708 as at 31 December
2014.

Consideration for the acquisition is GBP75,000 in cash paid on completion along
with the issue of 300,000 Ordinary Shares of 10p each in PHSC plc to the
vendors ("Acquisition Shares").  A further GBP50,000 in cash is payable before
31 March 2016.

This acquisition strengthens the Group's presence in the CCTV sector, which we
first entered through the purchase of B to B Links Limited (B2B) in 2012.  B2B
presently installs CCTV systems exclusively in the retail sector. Bringing
Camerascan into the Group will give us exposure to a considerably more diverse
marketplace.

Post-acquisition, Camerascan will become an operational division of B2B, with
one of the two sellers retained in a sales management capacity under a contract
of employment. Colin Warnock, Managing Director of B2B, will oversee the
integration of Camerascan into the Group.

Application will be made for the Acquisition Shares to be admitted to trading
on AIM. Admission is expected to become effective and dealings are expected to
commence on AIM on 18 December 2015. Following admission of the Acquisition
Shares, the Company will have 12,986,348 Ordinary Shares in issue. The
Acquisition Shares will rank pari passu with the existing issued Ordinary
Shares.

For further information please contact:

PHSC plc                               01622 717700                          
Stephen King                                                                 
www.phsc.plc.uk                                                              
                                                                             
                                                                             
Sanlam Securities UK Limited           020 7628 2200                         
(Nominated adviser and broker)                                               
Lindsay Mair/James Thomas                                                    



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