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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Planetel SPA | BIT:PLN | Italy | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.05 | -0.99% | 5.00 | 4.96 | 5.10 | 5.00 | 5.00 | 5.00 | 750 | 16:30:10 |
RNS Number:3069N Planit Holdings PLC 08 July 2003 Planit Holdings plc ("Planit") Acquisition of Huckerby Royall Systems Limited We are pleased to announce that on 4 July 2003 Planit entered into an agreement to acquire the entire issued share capital of Huckerby Royall Systems Limited ("HRS"). HRS, with offices in Woking and Leicester, is a producer of Manufacturing Resource Planning and Enterprise Resource Planning (MRP/ERP) software, geared primarily to the Manufacturing sector. The consideration payable by Planit to acquire HRS comprises 3 million Planit shares, convertible loan notes of #250,000 and #250,000 payable in cash payable on completion. Completion of the agreement is conditional on the Planit shares forming the share consideration being admitted to the Official List of the London Stock Exchange. Audited accounts show that HRS achieved sales in the year to 30 June 2002 of #510,000 and an operating loss of #4,000. At 30 June 2002 HRS had net assets of #9,000. Application will be made for a total of 3,000,000 Ordinary Shares of 10 pence each in the company to be admitted to the Official List. Admission is expected to become effective by 15 July 2003. Trevor Semadeni, Chief Executive of Planit Holdings, said: "We have noted an increasing demand for MRP/ERP solutions amongst our current customers notably in the UK and the US. HRS offers the Planit Group the opportunity to meet our existing customers requirements but also grow our business in other chosen sectors " Enquiries Planit Holdings Trevor Semadeni 01233 635566 Bryan Pryce 01233 635566 Jonathan Lee 01233 635566 This information is provided by RNS The company news service from the London Stock Exchange END ACQRPMATMMJMBAJ
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