LONDON (Thomson Financial) - Feedback Plc. said it has agreed to acquire
Brickshield Ltd., which also yesterday completed the purchase of the freehold
premises in Crowborough, East Sussex, currently occupied by the group, for 1.35
million pounds in cash.
The group also updated on trading which it said has been pleasing so far in
the second half of the year to May 31 and added it is encouraged with its cash
flow generation.
The electronic and electrical equipment maker to train engineers said it is
funding the acquisition of Brickshield from it existing working capital
resources and the proceeds from a proposed share placing of 26.67 million shares
at 2.625 pence each with certain directors and shareholders.
TFN.newsdesk@thomsonreuters.com
jjo/tsm/slm
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