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CASH L&G E Fund MSCI China A UCITS ETF

12.152
-0.05 (-0.41%)
05 Jul 2024 - Closed
Realtime Data
Name Symbol Market Type
L&G E Fund MSCI China A UCITS ETF TG:CASH Tradegate Exchange Traded Fund
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  -0.05 -0.41% 12.152 11.982 12.32 12.198 12.198 12.198 58 22:50:09

Disposal

29/05/2003 8:02am

UK Regulatory


    29 May 2003

SECURICOR PLC

Sale of Securicor Cash Machine Limited

Securicor plc, the international security solutions group, announces that it
has agreed to sell Securicor Cash Machine Limited ("SCM") to Cardpoint plc,
conditional upon approval of Cardpoint's shareholders.

The transaction value will be up to £10 million, involving a cash payment of £5
million on completion, with further payments of up to £5 million adjustable by
several factors, namely the number of ATM transactions generated, the number of
new cash machines installed and Securicor's service level performance.

Securicor has entered into a four-year outsourcing agreement with Cardpoint
under which Securicor will provide Cardpoint with all cash availability and
maintenance activities, reinforcing Securicor's position within the UK ATM
market as a provider of a complete ATM back office service to both financial
institutions and independent ATM deployers.

Jeff Anderson, Managing Director of Securicor Cash Services, said: "We are
pleased to be working with Cardpoint to supply an integrated ATM cash solution,
building on our increasing ability to provide back office, forecasting and
reconciliation as part of our ATM end-to-end service."

SCM commenced operations in 2000 and, in the six months to 31 March 2003,
generated turnover of £5 million.

For further enquiries please contact:

Debbie McGrath

Director of Communications

Securicor Group Limited

020 8770 7000

Patrick Toyne Sewell or Sarah Gestetner

Citigate Dewe Rogerson

07973 672649

Notes to Editors:

Securicor is an international security solutions group, operating in some 50
countries around the world. Securicor's vision is to become a global top three
provider of security solutions and expertise through the delivery of
world-class outsourcing in cash management, integrated security and justice
services. In total, Securicor employs over 100,000 people worldwide, working
with over 130,000 customers requiring both ongoing innovation and absolute
integrity. For more information on Securicor, visit www.securicor.com.



END



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