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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Frp Advisory Group Plc | LSE:FRP | London | Ordinary Share | GB00BL9BW044 | ORD 0.1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1.50 | 1.26% | 121.00 | 120.00 | 122.00 | 121.50 | 119.50 | 119.50 | 390,619 | 13:46:36 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Business Consulting Svcs,nec | 104M | 12.7M | 0.0506 | 23.91 | 303.63M |
From Apr 2019 to Apr 2024
TIDMFRP
RNS Number : 8185A
Fairpoint Group PLC
29 March 2017
29 March 2017
Fairpoint Group plc
("Fairpoint", or the "Group")
Disposal
Fairpoint today announces the disposal of its ancillary medico-legal business, PIX Limited ("PIX") for an enterprise value of GBP1.2m, payable in cash. PIX, established in 2012, has been providing medical records, reporting services and disbursement funding support to certain departments of the Group's legal services division.
On 28 March 2017 the Group sold the entire share capital of PIX to Premex Services Limited ("Premex"), a market leading provider of medico-legal services to the legal services industry. Furthermore, the Group has entered into a three year strategic partnership with Premex for on-going medical records and reporting services, which is expected to deliver operational efficiencies and improvements to working capital.
The proceeds of GBP1.2m will be used to support the working capital requirements of the Group.
The unaudited gross assets of PIX as at 31 December 2016 was GBP1.6m and the unaudited operating profit for PIX for the financial year ending December 2016 was GBP0.1m.
For enquiries please contact:
Fairpoint Group plc
David Broadbent, Chief Executive Officer 020 3128 8794
Shore Capital (Nomad and Joint Broker)
Mark Percy 020 7408 4090
Edward Mansfield
Panmure Gordon & Co (Joint Broker)
Dominic Morley 020 7866 2500
Charles Leigh-Pemberton
MHP Communications
Reg Hoare fairpoint@mhpc.com
Katie Hunt
020 3128 8794
This information is provided by RNS
The company news service from the London Stock Exchange
END
DISGMGZFZRMGNZZ
(END) Dow Jones Newswires
March 29, 2017 02:01 ET (06:01 GMT)
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