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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Redstonecon | LSE:REDS | London | Ordinary Share | GB00BYWN0F98 | ORD SHS 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 101.25 | 100.00 | 102.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMREDS
RNS Number : 5317R
RedstoneConnect PLC
15 June 2018
THIS ANNOUNCEMENT IS RESTRICTED AND IT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OR ANY OF ITS TERRITORIES, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR AUSTRALIA OR ANY OTHER STATE OR JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.
15 June 2018
RedstoneConnect Plc
("RedstoneConnect" or the "Company")
Result of General Meeting
&
Completion of Disposal
RedstoneConnect (AIM: REDS) is pleased to announce that, at the General Meeting held earlier today in relation to the proposed disposal of Comunica Holdings Limited and Commensus Limited (which together comprise the Company's Systems Integration and Managed Services divisions) to Excel I.T Services Limited (the "Disposal"), the resolution was duly passed.
Following the General Meeting, the first condition under the Share Purchase Agreement has been satisfied and, subject to the remaining terms and conditions of the Share Purchase Agreement being satisfied, completion of the Disposal will occur on Monday, 18 June 2018.
Frank Beechinor, Chairman of RedstoneConnect, commented:
"Completion of the Disposal will mark the culmination of RedstoneConnect's transformation into a software company. Going forward, our sole focus will be on the continued growth of our higher value SaaS products and to capitalise on the increasing global demand for smart workspace management solutions.
Through further investment in sales, marketing and the development of our suite of applications, as well as seeking complementary acquisition opportunities, we believe we can evolve into a leading international workspace management software company with high margin licence-based revenues, delivering long-term shareholder value."
Further details of the Disposal are set out in the circular to shareholders dated 29 May 2018.
Enquiries
RedstoneConnect Plc via Vigo Communications Frank Beechinor (Chairman) Spencer Dredge (CFO) Cantor Fitzgerald Europe (Nominated Adviser & Joint Broker) +44 (0)20 7894 Marc Milmo / Catherine Leftley 7000 Whitman Howard Limited (Joint Broker) +44 (0)207 659 Nick Lovering 1234 Vigo Communications (Financial Public Relations) Jeremy Garcia / Antonia Pollock / Ben Simons +44 (0)20 7390 reds@vigocomms.com 0237
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
ROMEAXKSFLLPEEF
(END) Dow Jones Newswires
June 15, 2018 05:51 ET (09:51 GMT)
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