StockMarketWire.com - Arena Events Group said Stuart Rentals had met an initial earn-out condition, but decided to defer payment.

The recently acquired vendors had elected to receive approximately 25% of the deferred consideration amount in new ordinary shares in the company, with the balance paid in cash. As such, the Arena Events would issue 800,000 ordinary shares to the vendors of Stuart Rentals at a price per share of 38.5p.


At 9:01am: [LON:ARE] Arena Events Group Plc Ord 1p share price was 0p at 38.25p



Story provided by StockMarketWire.com