Payment of earnout consideration to Gateley Vinden Gateley (Holdings) Plc (AIM:GTLY), the legal and professional services group, announces that pursuant to its acquisition of The Vinden Partnership Limited (now Gateley Vinden) as announced on 6 March 2020, the Board has approved the payment of £0.3m deferred consideration based on Gateley Vinden s performance for the year ended 31 August 2020 (the Deferred Consideration ). The Deferred Consideration will be settled entirely in Ordinary Shares of 10p each in the capital of the Company ( Ordinary Shares ) at a price of 152 pence per Ordinary Share (being a 10 day average closing share price prior to the agreement date of the deferred consideration calculation) and are subject to previously agreed retention restrictions.
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