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Real Affinity

  • BY: Andrew Hore |
  • POSTED: 19/05/2008 |

Real Affinity’s disposal of its Swindon-based conference and event management company Conferaccom has been delayed.

The general meeting to pass the disposal to Checkbase Ltd has been adjourned because the buyers haven’t been paid the cash they are owed as part of the transaction. The buyers are the original sellers of the business. Real Affinity is paying them £300,000 in settlement of the deferred consideration they are owed from the original sale.

The cash for this payment was supposed to come from the disposal of another business, but that hasn’t happened yet. The general meeting has been adjourned indefinitely.

The shares were unchanged at 0.014p, valuing Real Affinity at £510,000.

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