- PHSC has agreed non-binding heads of terms for the acquisition of BtoB Links Limited.

B2B is a growing retail security and labelling company that provides a range of security solutions to independent and large, national retailers.

Its core business is the prevention of stock loss through the use of electronic article surveillance designed specifically for the protection of small and vulnerable products.

The company also offers closed circuit television services and labelling products.

The scheduled completion date of the acquisition is 30 September.

Consideration for the Acquisition will be satisfied via a cash payment of £275,000 at completion, a further cash payment of £320,000 on the first anniversary and a final cash payment on the second anniversary of between £120,000 and £500,000 subject to B2B performance in the period since completion.

On completion, PHSC will also issue approximately 150,000 new ordinary shares of PHSC to the vendors of B2B, which will be subject to a 12 month lock-in agreement.

The total expected consideration for the acquisition is £920,000 plus the agreed value of tangible net assets at completion.

At 3:10pm: [LON:PHSC] share price was 0p at 24p

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