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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Outsourcery | LSE:OUT | London | Ordinary Share | GB00B9G9LV10 | 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% | 4.125 | 0.00 | 00:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Jan 2020 to Jan 2025
TIDMOUT
RNS Number : 2486B
Outsourcery PLC
15 June 2016
15 June 2016
OUTSOURCERY PLC
Update
Outsourcery plc (AIM: OUT, 'Outsourcery' or 'the Company') today provides an update on the previously announced sale process instigated as a condition of the working capital facility provided by its secured lender.
Agreement has been reached to sell substantially the entire business and assets of the Company's trading subsidiary Outsourcery Hosting Limited to GCI Network Solutions Limited. In order to complete the sale, it will be necessary to appoint Administrators, and the Board of Outsourcery has resolved to appoint partners from EY as Administrators for this purpose. The appointment is expected to be made today, and the sale is expected to complete shortly thereafter.
ENDS
For further information please contact:
Outsourcery plc Piers Linney, Co-CEO Simon Newton, Co-CEO +44 (0)330 313 0077 Investec Andrew Pinder / Patrick Robb +44 (0)20 7597 5100 FTI Consulting Matt Dixon / Dwight Burden / Rob Mindell +44 (0)20 3727 1000
Ends
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCUVOBRNVANARR
(END) Dow Jones Newswires
June 15, 2016 03:37 ET (07:37 GMT)
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