StockMarketWire.com - NWF Group has agreed the final tranche of consideration payable in relation to its acquisition of the entire issued share capital of SC Feeds, an animal feed manufacturer based in Staffordshire.

As announced previously on 3 December 2013, the total consideration for the acquisition comprised an initial consideration of £6.0m in cash and up to £0.75m to be satisfied by the issue of new ordinary shares of NWF.

Following the preparation of completion accounts to determine the final levels of working capital and net debt at SC Feeds, NWF has reached agreement with the vendors of SC Feeds that the final tranche of consideration payable in NWF Shares will be £0.56m.

Consequently the total consideration payable in respect of the acquisition of SC Feeds will be £6.56m.


At 8:40am: [LON:NWF] NWF Group PLC share price was -0.5p at 148p



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