Share Name Share Symbol Market Type Share ISIN Share Description
Jaywing Plc LSE:JWNG London Ordinary Share GB00BF5KDY46 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 6.25p 5.50p 7.00p 6.25p 6.25p 6.25p 0 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Media 47.5 -1.2 -1.3 - 6

Jaywing PLC Completion of Disposal

10/01/2019 7:00am

UK Regulatory (RNS & others)


TIDMJWNG

RNS Number : 6782M

Jaywing PLC

10 January 2019

   Date:               10 January 2019 
   On behalf of:   Jaywing plc ("Jaywing", "the Company" or "the Group") 

Jaywing plc

Completion of Disposal

Further to the announcement made on 20(th) November 2018, Jaywing plc (AIM: JWNG), the data science led agency, consultancy and technology business has confirmed that the sale of its contact centre business, HSM Ltd ("HSM") to Bidco ("Bidco"), which is backed by Aquiline Capital Partners LLC ("Aquiline"), a New York and London-based private equity firm investing in financial services and technology, has now completed.

The disposal of this non-core asset strengthens the balance sheet; simplifies the Jaywing offering; provides a sizeable and ongoing revenue stream; reduces a lease obligation and allows management to concentrate entirely on developing the core business.

 
 
 

Enquiries:

 
 Jaywing plc 
 Michael Sprot (Company Secretary)   Tel: 0114 281 1200 
 Cenkos Securities plc 
 Nicholas Wells / Callum Davidson    Tel: 020 7397 8900 
 
 
 
 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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January 10, 2019 02:00 ET (07:00 GMT)

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