News

Payment of Additional Deferred Consideration

16 June 2008

Ekay plc, a leading regional advertising and marketing agency, today announces that pursuant to the Acquisition of WFCA announced on 14 March 2008, which completed on 4 April 2008, the Company has paid £428,731 of additional deferred consideration to the Vendors. As per the terms of Acquisition Agreement the additional consideration was paid following the utilisation of certain tax credits that have become available to WFCA and in respect of the Net Asset Value of WFCA as at 4th April exceeding £500,000.

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