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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Internet Bus. | LSE:IBG | London | Ordinary Share | GB0003754073 | 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% | 9.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:7793Y Internet Business Group 21 June 2007 Internet Business Group plc ("IBG" or the "Company") Strategic Review Conclusion And Trading Update Strategic Review Further to the announcement on the 23rd April 2007 of the commencement of a strategic review, the Company now formally concludes this process. During the strategic review period the board have considered several options available to the business including a potential trade sale. Whilst there have been indicative expressions of interest from trade acquirers the board have concluded not to pursue a trade sale. The Company remains committed to a growth strategy whilst in the short to medium term also exploring a share repurchase programme. The board continues to be advised in this regard and will update shareholders fully regarding its decision on a potential share repurchase programme when it reports its interim results for the 6 month period ended 30 April 2007. Trading Update In advance of the publication of the interim results, the board have reviewed the trading performance in the current year-to-date. The Company is pleased to report that trading in the core advertising business remains robust. As reported in the preliminary results published on 12th February 2007, the majority of profits are expected to be delivered in the second half of the financial year and the board expects this to remain the case. However, the board cautions that both turnover and profits in the second half will potentially be lower than previously anticipated by the board due to the delayed launch of new advertising products. In addition to seeking to create value for shareholders via share-repurchases, the board have also concluded that over the short and medium term the strategic focus will be on investing in the operating assets within the Company. This focus is likely to restrict profit maximisation over the next 24 months, however, the board believe that this strategic focus will maximise shareholder value in the medium term. Enquiries: Internet Business Group plc Maziar Darvish, CEO 07967 039 693 Altium Mike Fletcher/Steven Whitehead 0161 831 9133 Powerscourt Matt Ridsdale 07872 601 433 Notes to Editors: IBG's performance advertising business trades as AffiliateFuture and its best known e-commerce operation is Sweatband.com. IBG's core skills are in the areas of Internet technology, online marketing and design. This information is provided by RNS The company news service from the London Stock Exchange END TSTDGGZVMMDGNZM
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