StockMarketWire.com - Insight and communications group Creston has acquired 75% of the share capital of DJM Digital Solutions, a UK-based digital healthcare agency.

On completion, an initial cash consideration payment of £1.2m will be payable and net current assets of £0.3m will be retained within DJM.

There will be a final cash consideration payment for the 75% holding, based on average profit before interest and tax from completion to March 2015 of up to £1.8m which will be payable in June 2015.

From April 2018 onwards the minority shareholders in DJM will have a request to put option and from April 2020 onwards Creston will have a call option, both options are for the remaining 25% of DJM for a maximum consideration of £2.4m.

Creston says this acquisition is in line with the group's strategy to establish itself as one of the leaders in providing digital marketing services to clients and also supports the continued growth of its health division, which is increasingly seeing more demand from clients for digital services.


At 9:46am: [LON:CRE] Creston share price was -1.75p at 78.25p



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