StockMarketWire.com - Gateley said it had acquired land referencing consultancies Persona Associates.

Under the terms of the acquisition, Gateley would acquire the Persona for a net cash-free debt-free normalised working capital consideration of £250,000, of which £153,728.80 would be satisfied on completion by the issuance of 94,312 ordinary shares at a price of 163p a share.

Deferred consideration would be payable on 1 May 2020, if Persona Associates satisfied certain performance milestones, the company added.

'The acquisition will enable Gateley Hamer to deliver additional value added land and property information via an end-to-end service for the country's largest infrastructure, regeneration and housing projects,' the company said.


At 10:09am: [LON:GTLY] Gateley Hldgs Plc share price was +1p at 167p



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