Maiden Acquires Bill Posting Company

Outdoor group Maiden has acquired bill posting company Checkmain, which trades as Felgate Billposting, in exchange for 300,000 shares. The acquisition is expected to enhance earnings within the first year of ownership.

Felgate, which began trading in 1985, is the largest bill posting company in the UK. It is said to post around 130,000 poster sites each year and has a significant presence in the Greater London area. The deal will see managing director Chris Felgate remain with the business, while Dave Dron, managing director (operations) at Maiden will join the Felgate board as a non-executive director. The company will continue to operate as an independent company to Maiden, so that it can maintain its present client base.

Maiden: 020 7838 4000 www.maiden.co.uk

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