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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Quadnetics Grp | LSE:QDG | London | Ordinary Share | GB0007156838 | ORD 20P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 290.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:9374L Quadrant Group PLC 22 October 2001 Quadrant Group plc Disposal Quadrant Group plc ("Quadrant") is pleased to announce that on 19 October 2001 it completed the sale of Axiom Design & Print Limited ("Axiom") to Trilogy Media Group Limited for approximately #650,000 in cash, with a possible adjustment up or down depending on the value of net assets at completion. At completion Axiom had net cash of approximately #120,000. Quadrant is also entitled to receive additional deferred consideration representing 50% of the value of future corporation tax saved through utilisation of Axiom's carry forward tax losses. The consideration will be used by Quadrant for working capital. Axiom and its subsidiary, C3 Design & Print Limited, are involved in the business of photographic and electronic image processing, lithographic printing and graphic design. They earned a profit before tax of #94,000 in the year ended 31 May 2001 and had net assets of #548,000 at that date. David Coghlan, Quadrant's Chief Executive, commenting on the disposal, said "the management of Axiom have done an excellent job in turning around and developing the business over the past few years. We are pleased that Axiom has now gone to a new owner committed to further expansion in the design and print sector. The sale enables Quadrant to focus on its growing electronic systems businesses". 22 October 2001
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