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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
ID Data | LSE:IDD | London | Ordinary Share | GB0009778589 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.25 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:5641R ID Data Group PLC 03 April 2008 3 April 2008 ID Data Group plc ("ID Data" or the "Company") Completion of Sale of credEcard ID Data Group plc, the smart card solutions company, confirms that, following shareholder approval at an extraordinary general meeting held on 31 March 2008, it has completed the disposal of its entire holding in credEcard Group Plc ("credEcard") to the Contis Group Limited ("Contis"), on 31 March 2008. ID Data received £1.416m in cash for its shares in credEcard and the repayment of all intercompany loans made to credEcard of £0.819m, giving a total cash inflow to the Company of £2.235m, before expenses. In addition, ID Data received 31,250 ordinary shares in Contis worth £0.357m, based upon the most recent value of Contis shares sold to third party investors. Post the transaction, ID Data will hold 6% of the issued share capital of Contis. Following the transaction, Peter Cox, CEO of ID Data, owns 48.6% of Contis and, as previously reported, will continue in his role as CEO of ID Data whilst also acting as CEO of Contis, until such time as a new CEO for Contis has been appointed. He also owns 10% of ID Data. The proceeds of this transaction will be included in the ID Data results for the year ending 31 March 2008. For further information, please contact: ID Data Group plc Peter Cox, Chief Executive Tel: +44 (0)1730 235700 peter.cox@iddata.com Smith & Williamson Corporate Finance Limited Azhic Basirov / David Jones Tel: +44 (0)20 7131 4000 Media Enquiries Abchurch Chris Lane Tel: +44 (0)20 7398 7700 chris.lane@abchurch-group.com This information is provided by RNS The company news service from the London Stock Exchange END DISZXLFBVZBEBBK
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