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Pentagon Protection

  • BY: Andrew Hore |
  • POSTED: 11/09/2008 |

Pentagon Protection is buying a Kent-based security firm.

The glass protection films supplier is paying £400,000 in cash and 40m shares (at a notional price of 0.27p) for SDS Group. There will be deferred consideration equivalent to 65% of profits in excess of £200,000 over the three years following acquisition. The maximum total deferred payment will be £400,000 – half in cash and half in shares.

SDS is involved in security consultancy and training, as well as the supply of security equipment. It made profits of £87,000 in the year to April 2008. 

The Pentagon share price jumped 0.06p to 0.32p, which values the company at £1.3m.

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