Pentagon Protection Announces Acquisition Of International Glass - Quick Facts

(RTTNews) - Tuesday, Pentagon Protection Plc (PPR.L: News ) announced the acquisition, subject to shareholder approval, of 100% of the share capital of International Glass Solutions LLC, from Haytham ElZayn, Pentagon's chairman.

The consideration payable for International Glass will be satisfied by the issue of shares in the Group and is linked to the sustained profitability of the acquired business. The valuation is based on five times the average annualised profits of the acquired business over the two years following the acquisition and the consideration is capped at GBP 1 million.