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7 April 2006 Inspicio plc ("Inspicio" or the "Company") Potential Acquisition Inspicio plc (INP.L), the UK and international inspection and testing business, is currently in discussions which may or may not lead to the acquisition of Environmental Services Group Limited (the “Business”). If the transaction proceeds, it is expected that the Company will conduct a small placing at market price within its current shareholder authorities of approximately £4.5 million in order to satisfy part of the consideration. The Business commenced Transfer of Undertakings (Protection of Employment) (TUPE) discussions with its employees today. A further announcement will be made in due course. --Ends-- |
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