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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Sage Group Plc | LSE:SGE | London | Ordinary Share | GB00B8C3BL03 | ORD 1 4/77P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 12.50 | 1.08% | 1,173.00 | 1,174.00 | 1,175.00 | 1,177.50 | 1,163.00 | 1,168.00 | 2,322,481 | 16:35:29 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Prepackaged Software | 2.18B | 211M | 0.2059 | 57.02 | 12.03B |
From Apr 2019 to Apr 2024
TIDMSGE
RNS Number : 4188U
Sage Group PLC
06 April 2021
Disposal of Swiss business
6 April 2021
T he Sage Group plc ("Sage") today announces that it has entered into an agreement for the sale of its Swiss business to Infoniqa, a provider of HR software solutions majority-owned by Warburg Pincus. Sage previously announced that the business was held for sale in its full year results announcement on 20 November 2020.
The sale consideration is approximately CHF 50m (GBP39m), payable in cash on completion (subject to adjustment for net debt and working capital). For the year ended 30 September 2020, the business achieved revenue of GBP25m (FY19: GBP29m) and operating profit of GBP4m (FY19: GBP8m).
The transaction is subject to certain closing conditions and is expected to complete within the next twelve months.
Enquiries
The Sage Group plc +44 (0) 7900 046714
James Sandford, VP, Investor Relations
Amy Lawson, EVP Communications
Derk Bleeker, Chief Corporate Development Officer
FTI Consulting +44 (0) 20 3727 1000
Charles Palmer
Dwight Burden
About Sage
Sage is the global market leader for technology that provides small and medium businesses with the visibility, flexibility and efficiency to manage finances, operations and people. With our partners, Sage is trusted by millions of customers worldwide to deliver the best cloud technology and support. Our years of experience mean that our colleagues and partners understand how to serve our customers and communities through the good, and more challenging times. We are here to help, with practical advice, solutions, expertise and insight.
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END
DISUVAKRAAUSRAR
(END) Dow Jones Newswires
April 06, 2021 02:00 ET (06:00 GMT)
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