Crest Medical
March 09 2005 - 2:01AM
UK Regulatory
RNS Number:4960J
Healthcare Enterprise Group PLC
09 March 2005
Healthcare Enterprise Group PLC
Crest Meets First Performance Target
Further to the announcement by the Company on 17 November 2004 of the
acquisition of Crest Medical Ltd ("Crest"), Healthcare Enterprise Group PLC
("HCEG") is pleased to announce that the first performance target agreed under
the terms of the acquisition has been met and accordingly HCEG has paid #242,955
in cash to the vendors of Crest.
The balance of the performance related consideration of up to #2,747,045 will be
paid in cash or shares linked to performance targets over the next 22 months.
Stuart Bruck, Executive Chairman, Healthcare Enterprise Group PLC, commented:
"We are pleased that Crest has performed to expectations in the context of our
enlarged Group and are looking forward to providing superior service and an
extended range of high quality products to Crest customers."
9 March 2005
Enquiries:
Healthcare Enterprise Group 020 7351 7500
John Bradshaw, Finance Director
College Hill 020 7457 2020
Corinna Dorward/ Nicholas Nelson
This information is provided by RNS
The company news service from the London Stock Exchange
END
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