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Shareholders approve PFD sale

Peters Fraser & Dunlop parent company CSS Stellar's shareholders have approved the sale of the talent agency to Andrew Neil and two city financiers. The resolution to approve the sale by CSS of the entire issued share capital of PFD was put to shareholders at a general meeting held today (Monday, 7th July), where it was passed.

The deal, first announced on 18th June, is worth a maximum of £4m, with £3.75m payable in cash on completion, and a balance of £0.25m due in 2011 dependent on earnings to 2010.

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