Proposed sale of Bath Businesses for £12.80m
10 June 2008
The Board of Communisis plc (“Communisis” or “the Company”) (RIC: CMS.L), the leading provider of print and marketing communication services, announces that it has conditionally agreed to sell its operations in Bath (“the Bath Businesses”) to the Bath management team (“the Purchaser”). The total consideration of £12.80 million will be payable in cash with the first instalment of £8.20 million being payable upon completion and the remainder payable in further instalments to 1 July 2012.
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