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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Imprint | LSE:IMP | London | Ordinary Share | GB0030417058 | 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% | 113.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:5366T Hydrogen Group PLC 01 May 2008 1 May 2008 Hydrogen Group plc ("Hydrogen") Lapsing Of Proposed Acquisition Of Imprint Plc ("Imprint") The Board of Hydrogen Group plc announces that, in view of its decision not to revise the offer for Imprint Plc, the scheme of arrangement under section 425 of the Companies Act 1985 in relation to the proposed acquisition has lapsed in accordance with its terms. The Board of Hydrogen also announces that the dispute referenced in an announcement by Imprint on 8 April 2008 has been resolved to both parties' satisfaction. In recognition of this resolution, Hydrogen will not make any contractual offer to acquire the share capital of Imprint for twelve months, unless otherwise approved in writing by Imprint. Hydrogen has also released the irrevocable undertakings that were still held by it in connection with the proposed acquisition. Trading Update In the year to date our profitability has remained in line with budget, we have seen some weakness in Net Fee Income as a result of the current economic climate, but our cost control has been firm. Traditionally the second quarter of the year, particularly May and June, is a strong trading period. We will update the market at the half year end on our progress. Ian Temple, Executive Chairman of Hydrogen, commented: "We remain committed to our proven strategy of further expanding our business and developing our market leading specialist recruitment brands through organic growth. We will continue to apply strict financial discipline in assessing future acquisition opportunities, as and when they arise. We are well placed to address current market conditions through our diversified business model and our focus on mid level professional recruitment." Enquiries: Hydrogen Group Plc 020 7240 2500 Ian Temple, Executive Chairman Tim Smeaton, Chief Operating Officer Oriel Securities 020 7710 7600 NOMAD to Hydrogen David Arch / Natalie Fortescue Hudson Sandler 020 7796 4133 Financial PR Advisers Kate Hough This information is provided by RNS The company news service from the London Stock Exchange END OLAABMRTMMJMMLP
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