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ITH Nektar Therapeutics

1.36
0.00 (0.00%)
08:15:46 - Realtime Data
Share Name Share Symbol Market Type
Nektar Therapeutics TG:ITH Tradegate Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 1.36 1.338 1.385 0.00 08:15:46

Re Agreement

20/01/2004 7:01am

UK Regulatory


RNS Number:4121U
Minorplanet Systems PLC
20 January 2004


Minorplanet Systems plc ("Minorplanet" or the "Company")

Agreements with ITIS Holdings plc ("ITIS")


20 January 2004


Minorplanet Systems plc today announces that it has reached agreement with ITIS
Holdings plc to bring an end to the strategic partnership between Minorplanet
and Navtrak, the stolen vehicle tracking business of ITIS. The Company regains
the right to market full vehicle security services as part of its VMI fleet
management software.

The Company will also transfer to ITIS (subject to ITIS shareholder approval)
2,177,215 ordinary shares of 2 pence in ITIS, and retain 1,500,000 ordinary
shares. Any disposal of the retained shares is subject to an undertaking by the
Company to maintain an orderly market.

Commenting on the agreement, Rob Kelly Chief Executive said, "The ability to
offer full security services to our business customers has been identified for
some time as one of our priorities. We are delighted to have concluded this
agreement with ITIS, which allows both companies to concentrate fully on their
respective areas of expertise."

                                     -Ends-

For further information, please contact:

Minorplanet Systems plc                            Tel: 020 7379 5151
Rob Kelly

The Maitland Consultancy                           Tel: 020 7379 5151
Angus Maitland / Michelle Jeffery

                      This information is provided by RNS
            The company news service from the London Stock Exchange

END
AGRURVNRSBRAURR

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