Floated in July, National Telecommunications Plc agreed terms for its third – and biggest – acquisition just before Christmas: it agreed to pay UKP7m for supplier of cellular telephones and air time, and private mobile radios Tactico Ltd, buying the 84.2% stake held by Evered Holdings Plc, and the balance, held by managing director Ian Dalgleish. National Telecom will issue nearly 5m new shares, 700,000 convertible redeemable shares, and UKP1m in loan notes to pay for the acquisition, and the shares have been provisionally placed by de Zoete & Bevan Ltd with a clawback provision to allow existing holders to subscribe pro rata at 126p a share.
