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Share Name Share Symbol Market Type Share ISIN Share Description
Synnovia Plc LSE:SYN London Ordinary Share GB00B289KK20 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 130.00 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
110.00 150.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Industrials 81.64 -0.71 -2.40 51
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 130.00 GBX
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02/12/2020
08:20		Synnovia Daily Update: Synnovia Plc is listed in the General Industrials sector of the London Stock Exchange with ticker SYN. The last closing price for Synnovia was 130p.
Synnovia Plc has a 4 week average price of 0p and a 12 week average price of 0p.
The 1 year high share price is 0p while the 1 year low share price is currently 0p.
There are currently 38,995,151 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of Synnovia Plc is £50,693,696.30.
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03/9/2004
17:28		maut too: CAS Synstar : HP claims 74.0%, extends offer 03-Sep-2004 17:58 Hewlett-Packard Global Investments said today that as at 3.00 p.m. on Sep. 3, 2004 valid acceptances in respect of 120,558,386 Synstar Shares, representing approximately 74.0% of Synstar, had been received by HP BV. HP BV said that its offer for Synstar has been extended and will remain open for acceptance until 3.00 p.m. on Sep. 24 2004. The figures include acceptances of the Offer received pursuant to irrevocable undertakings given by the Synstar Directors in respect of, in aggregate, 509,394 Synstar Shares, representing approximately 0.3% of the existing issued share capital of Synstar. On Aug. 9, 2004, HP BV announced the terms of a recommended cash offer for the entire issued and to be issued share capital of Synstar. On Aug. 12, 2004, HP BV filed a notification with the European Commission pursuant to the EC Merger Regulation. Unless extended, the Commission's initial period for considering the transaction will expire on Sep. 16, 2004. ICV Edited News from Dow Jones 1658 GMT Sep 03 2004
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11/8/2004
14:56		maut too: business weekly 11 August 2004 Latest News In Information Technology Hewlett-Packard finds early support in £162.9m bid for Synstar By Business Weekly, 11 August 2004, viewed 22 times, emailed 2 times Hewlett-Packard (HP) has made a £162.9 million bid for leading IT services provider, Synstar. Hewlett-Packard (HP) has made a £162.9 million bid for leading IT services provider, Synstar. The Bracknell company's directors and a number of institutional investors - representing a total of 30.5 per cent of Synstar's issued share capital - have already committed to the cash offer. The offer of 100 pence in cash for each Synstar share, which was made by HP subsidiary Hewlett-Packard Global Investments BV (HP BV), represents a premium of 28 per cent to the closing middle market price of 78.25 pence per share on the last business day prior to the announcement. Steve Vaughan, Synstar chief executive, said: "The board is pleased to recommend this offer because it recognises a premium to the value in our strategy. In addition, the cash offer gives our shareholders immediate certainty of that value." Francesco Serafini, senior vice President of the Technology Solutions Group EMEA, of HP, said: "The addition of Synstar's support and business continuity services to HP's portfolio will enhance our local and regional services capabilities and allow us to provide a greater range of critical service capabilities to our customers."
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11/8/2004
11:15		maut too: I go along with that - little to lose imho and a real chance of a gain CAS Hewlett-packard Gi : Receives 34.5% Synstar shares 11-Aug-2004 12:05 HP BV announced today that is has now received a further non-binding letter in support of the Offer from five institutional shareholders in respect of, in aggregate, 56,197,757 issued Synstar Shares representing approximately 34.5%. of Synstar's existing issued share capital. As previously announced, all of the Directors of Synstar who hold Synstar Shares have irrevocably undertaken to accept the Offer in respect of the Synstar Shares in which they are beneficially interested. These undertakings, which continue to be binding even in the event of a competing offer being made for Synstar, have been given in respect of, in aggregate, 509,394 Synstar Shares, representing approximately 0.3%. of the existing issued share capital of Synstar. Therefore, in aggregate, HP BV has received irrevocable undertakings to accept the Offer or non-binding letters in support of the Offer in respect of a total of 56,707,151 Synstar Shares, representing approximately 34.8%. of the existing issued share capital of Synstar. ICV Edited News from Dow Jones 1105 GMT Aug 11 2004
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10/8/2004
12:23		maut too: i will hold for now ... always possible wee might see more action HP looks to swallow UK IT firm Graeme Wearden ZDNet UK August 09, 2004, 12:30 BST HP has launched a bid to acquire Synstar, the British managed IT services company, for £162.9m. Synstar's board has already recommended that shareholders accept the offer, which was announced on Monday. HP is offering to pay 100p for each Synstar share, which represents a premium of around 28 percent compared to the 78.25p that Synstar closed at last Friday evening. Synstar provides infrastructure and hardware support for firms with around 2,000 to 5,000 employees. The proposed takeover is part of HP's strategy to win a greater share of the IT services market. Announcing the offer on Monday morning, HP said that the acquisition would improve its ability to offer end-to-end service capabilities and "further its credibility" with medium and large companies. "HP believes that combining the two businesses will result in an organisation better able to increase sales of IT services to its combined customer base and to access a greater share of the European multi-vendor market," said HP in a statement. John Leighfield, chairman of Synstar, told ZDNet UK that HP was stronger at analysing companies and finding specific ways of improving their performance, but that Synstar had a very good track record of keeping its customers' IT systems running. Combining these skills would mean a better service for end users, explained Leighfield, who also described HP and Synstar as "a great fit". It's possible that HP could face competition for Synstar from a rival bidder. At present, HP has received a guarantee from Synstar's directors that they will sell their stake, representing 0.3 percent of the overall firm, even if a second bid is received. HP says it has also received "non-binding letters of support for the offer" from a number of institutional investors who own a further 30.2 percent of Synstar.
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10/8/2004
06:40		maut too: indy HP pays £163m for British computer group Synstar By Damian Reece, City Editor 10 August 2004 Hewlett-Packard, the US computer giant, yesterday paid £163m for Synstar, the British technology services company, raising hopes of further consolidation in the sector still struggling with the post-boom fall out. Steve Vaughan, the chief executive of Synstar, said: "It's tomorrow's price today and it's in cash." The company's shares surged 27 per cent on news of the deal, which confirms HP's determination to build its presence in the European IT services sector, having completed a similar deal recently in Germany. HP is offering 100p a share cash. Synstar shares closed up 21.25p at 99.5p. HP is trying to match the likes of IBM, which began building its presence in the market several years ago. Globally, HP lies fifth in the market for IT services behind IBM, EDS, Fujitsu and Computer Services Corporation. Synstar provides support services to companies, keeping computer systems running as well as offering disaster recovery expertise in the event of major failures. Mr Vaughan has options in more than 1.4 million shares in the company with a strike price of 48.5p, valuing his holding at £720,000. "It keeps the wolf from the door," Mr Vaughan said. Francesco Serafini, a senior vice-president at HP, said: "The addition of Synstar's support and business continuity services to HP's portfolio will enhance our local and regional services capabilities and allow us to provide a greater range of critical service capabilities to our customers." Synstar has received support for the recommended deal from 30 per cent of its institutional shareholders already, with analysts believing it unlikely that a rival bid will materialise given the financial firepower of HP. Mr Vaughan said: "Since 2001, Synstar has delivered a programme of immense change and investment that has developed the company into a highly capable provider of infrastructure managed IT services. "The board is pleased to recommend this offer because it recognises a premium to the value in our strategy. In addition, the cash offer gives our shareholders immediate certainty of that value."
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10/8/2004
06:39		maut too: The Herald Hewlett Packard acquires Synstar in £163m deal MARK WILLIAMSON August 10 2004 Hewlett Packard, the US computer giant, is set to buy Berkshire-headquartered Synstar, which employs around 250 staff in Scotland, in a £163m takeover to boost its services offering. The agreed deal will see HP acquire a blue-chip list of clients such as the Ministry of Defence and Lloyds TSB for services including disaster recovery. It hopes the move will help it gain ground on rivals such as IBM in the sector. HP, which employs 2000 people including around 1000 subcontractors at Erskine, has been working hard to grow its share of the support market in the UK and Europe. This has seen it targeting areas favoured by Synstar such as business continuity in an attempt to create a virtuous circle in which sales of HP's services stimulate demand for its computers and software. However, Steve Vaughan, the Synstar chief executive who will receive £1.4m for his holding in the company under the proposed deal, said he did not expect the takeover to lead to job losses in Scotland. "We've been trying to do the same sort of things, and the rationale for the deal is that you put the two firms together and you get a bigger market share. It's not about cost reduction," he told The Herald. Vaughan noted the majority of Synstar's employees in Scotland worked on site at clients, the biggest of which is National Australia Bank, owner of the Clydesdale Bank. Synstar staff engaged in maintaining and developing IT systems could help sell HP products and services. Conversely HP clients could benefit from access to Synstar's skills in other producers' technologies. Around 100 employees work at Synstar's disaster recovery facility in Livingston providing back-up services for a wide range of clients. Paul Mears, customer services director of HP UK and Ireland, said he was not expecting job losses as a result of the integration of Synstar. HP, headed by Carly Fiorina, chairman and chief executive, said the potential acquisition was an attractive opportunity to add expertise and capabilities to its services division in the UK and other key European markets. Besides the UK, Synstar has operations in seven states, including Germany and France. The California-based corporation, which will report third-quarter results next Wednesday has assured Synstar directors that existing employment rights, including pensions of the company's staff, would be fully safeguarded. It has received irrevocable acceptances from shareholders controlling 30.5% of the issued share capital of Synstar for its 100p-a-share cash offer. This is pitched at a 28% premium to the price at which Synstar's shares closed last Friday. Synstar made a consolidated pre-tax profit on ordinary activities of £8.7m on sales of £223m in the year to September 30. Adam Lawson, analyst at Teather and Greenwood, said the deal offered "a decent price for Synstar and a good fit for HP's service portfolio". Hewlett Packard, the US computer giant, is set to buy Berkshire-headquartered Synstar, which employs around 250 staff in Scotland, in a £163m takeover to boost its services offering. The agreed deal will see HP acquire a blue-chip list of clients such as the Ministry of Defence and Lloyds TSB for services including disaster recovery. It hopes the move will help it gain ground on rivals such as IBM in the sector. HP, which employs 2000 people including around 1000 subcontractors at Erskine, has been working hard to grow its share of the support market in the UK and Europe. This has seen it targeting areas favoured by Synstar such as business continuity in an attempt to create a virtuous circle in which sales of HP's services stimulate demand for its computers and software. However, Steve Vaughan, the Synstar chief executive who will receive £1.4m for his holding in the company under the proposed deal, said he did not expect the takeover to lead to job losses in Scotland. "We've been trying to do the same sort of things, and the rationale for the deal is that you put the two firms together and you get a bigger market share. It's not about cost reduction," he told The Herald. Vaughan noted the majority of Synstar's employees in Scotland worked on site at clients, the biggest of which is National Australia Bank, owner of the Clydesdale Bank. Synstar staff engaged in maintaining and developing IT systems could help sell HP products and services. Conversely HP clients could benefit from access to Synstar's skills in other producers' technologies. Around 100 employees work at Synstar's disaster recovery facility in Livingston providing back-up services for a wide range of clients. Paul Mears, customer services director of HP UK and Ireland, said he was not expecting job losses as a result of the integration of Synstar. HP, headed by Carly Fiorina, chairman and chief executive, said the potential acquisition was an attractive opportunity to add expertise and capabilities to its services division in the UK and other key European markets. Besides the UK, Synstar has operations in seven states, including Germany and France. The California-based corporation, which will report third-quarter results next Wednesday has assured Synstar directors that existing employment rights, including pensions of the company's staff, would be fully safeguarded. It has received irrevocable acceptances from shareholders controlling 30.5% of the issued share capital of Synstar for its 100p-a-share cash offer. This is pitched at a 28% premium to the price at which Synstar's shares closed last Friday. Synstar made a consolidated pre-tax profit on ordinary activities of £8.7m on sales of £223m in the year to September 30. Adam Lawson, analyst at Teather and Greenwood, said the deal offered "a decent price for Synstar and a good fit for HP's service portfolio". Hewlett Packard, the US computer giant, is set to buy Berkshire-headquartered Synstar, which employs around 250 staff in Scotland, in a £163m takeover to boost its services offering. The agreed deal will see HP acquire a blue-chip list of clients such as the Ministry of Defence and Lloyds TSB for services including disaster recovery. It hopes the move will help it gain ground on rivals such as IBM in the sector. HP, which employs 2000 people including around 1000 subcontractors at Erskine, has been working hard to grow its share of the support market in the UK and Europe. This has seen it targeting areas favoured by Synstar such as business continuity in an attempt to create a virtuous circle in which sales of HP's services stimulate demand for its computers and software. However, Steve Vaughan, the Synstar chief executive who will receive £1.4m for his holding in the company under the proposed deal, said he did not expect the takeover to lead to job losses in Scotland. "We've been trying to do the same sort of things, and the rationale for the deal is that you put the two firms together and you get a bigger market share. It's not about cost reduction," he told The Herald. Vaughan noted the majority of Synstar's employees in Scotland worked on site at clients, the biggest of which is National Australia Bank, owner of the Clydesdale Bank. Synstar staff engaged in maintaining and developing IT systems could help sell HP products and services. Conversely HP clients could benefit from access to Synstar's skills in other producers' technologies. Around 100 employees work at Synstar's disaster recovery facility in Livingston providing back-
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10/8/2004
06:36		maut too: Synstar boss's takeover windfall 9 August 2004, Evening Standard TEVE Vaughan, the 43-year-old chief executive of IT services firm Synstar, stands to make £700,000 profit on his share options after the board recommended shareholders accept a £162.9m cash bid from America's Hewlett-Packard. Today's City News • Overdraft rip-offs at your bank • Flak flies over Abbey bid • Market report: Tuesday preview • Halifax passes on rate rise • A-Z of the Sunday newspapers • Broker names sickest pensions The 100p-a-share offer is a 28% premium on Synstar's share price at Friday's close and is backed by institutions* with 30.2% of the shares, led by Fidelity, Aberforth and Scottish Widows. Synstar directors have pledged their combined 0.3% stake in favour of the HP bid and agreed to pay a break fee of £1.27m should a competing offer emerge which causes HP's to lapse. Vaughan said the takeover was 'not about cutting costs but merging two organisations to get more customers'. Synstar employs 3,000 people - 2,000 of them in Britain and the rest in Germany, Benelux, Spain and Ireland.
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09/8/2004
14:04		maut too: Synstar rockets after cash bid Mon 09 Aug 2004 SYN - Synstar Latest Prices Name Price % Synstar 99.50p +27.16% FTSE All-Share 2,138 -0.71% FTSE Fledgling 2,741 0.00% FTSE Small Cap 2,438 -0.38% techMARK 978 -0.88% techMARK 100 993 -1.13% Software & Computer Services 366 -1.00% LONDON (SHARECAST) - Computer giant Hewlett-Packard has snapped up IT services provider Synstar with a recommended cash offer of £163m for the Bracknell-based group. The offer, which is being made by Hewlett-Packard's HP BV unit, will give Synstar's long-suffering shareholders 100p cash for each share, a premium of 28% to Friday's closing price and a level not seen since the first half of 2000. Synstar's chief executive Steve Vaughan said, "The board is pleased to recommend this offer because it recognises a premium to the value in our strategy." HP said it believed the acquisition of Synstar would give it additional expertise and capabilities within the HP Services Division in the UK and Synstar's European markets. Analysts agreed that the deal represented good value for both sides.
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08/8/2004
08:45		maut too: Hewlett-Packard to buy £160m Synstar By Andrew Murray-Watson (Filed: 08/08/2004) S Telegraph Hewlett-Packard, the US computer group, is in talks to buy Synstar, the listed information technology services company, for about £160m as part of a plan to expand its European operations. The two sides are in detailed talks about the exact terms. The Synstar board is understood to be demanding that HP pays a premium at least 20 per cent above the current share price of 79p. An offer at 100p per share would value the company at £163m. The takeover, which is expected to be announced within the next fortnight, marks the latest step in HP's plans to become a service-led company. Steve Vaughan, the chief executive of Synstar who took over in 2001 when the share price stood at just above 50p, will make £1.4m from his options as part of the takeover. Synstar, which specialises in providing desktop management and business recovery systems, is a good fit for HP, which has more than $10bn (£5.5bn) in cash and is known to be hunting for acquisitions in the UK and Europe. Synstar is likely to be merged into HP's technology solutions group, which offers software, hardware and services packages for corporate clients. The division accounts for 40 per cent of HP's revenues, which hit a record $73.1bn in the last financial year. Synstar, which was spun out of the IT department of Granada in a management buyout, beat analysts' expectations in June when it posted interim pre-tax profits of £2.2m.
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29/9/2003
07:14		abdab: Synstar PLC 29 September 2003 29 September 2003 Synstar Plc £200m seven-year contract with Fujitsu Services signed & Year-end trading update Synstar plc, ('Synstar' or 'the Company') the pan-European IT services provider, today announces the signing of a £200 million contract with Fujitsu Services and provides an update on trading for the year ended 30 September 2003. Trading update for the year ending 30 September 2003 The second half of the financial year has been characterised by good profit growth in the company's core UK operations. The majority of Synstar's European businesses have performed in line with our expectations, with the exception of France. Our operations in Holland have been performing well and our Spanish operation has made significant progress in terms of contract wins on which we expect to build next year. Our businesses in Belgium and Germany have performed in line with our expectations Our operations in France - where, as highlighted in our interim results, our business is under performing - are the subject of a further operational review and Synstar will report on the outcome of this review at the time of its preliminary results in early December 2003. Cash generation for the year is expected to be strong, adding to the £19.2 million in net cash reported as at 31 March 2003. Synstar expects to be able to report a small year-on-year increase in both full-year operating profit and earnings. However, the preliminary results for the year ended 30 September 2003 are expected to be around the low end of market expectations. Steve Vaughan, CEO of Synstar said today: 'Our European operations are beginning to respond well to the roll out of the Group's strategy to sell multiple services to larger clients. In combination with solid profit growth in our core UK business, this has underpinned a solid performance for the financial year that is expected to show like-for-like profit growth. Cash generation remains a strong feature of the Group and the signing of this very significant, pan-European contract with Fujitsu Services validates the company's strategy and is expected to be margin enhancing as these revenues come on stream. Clearly more robust action is required within our French operations and we will report on the scope and progress of this in the announcement of our preliminary results in December.' £200 million Fujitsu Services contract signed On 17 June 2003, Synstar announced that it was in advanced negotiations with Fujitsu Services concerning a material contract. This contract has now been signed and will be worth approximately £200 million over the course of seven years. Synstar will be providing Fujitsu Services with a logistics service to support the maintenance contracts of Fujitsu's operations in the UK and mainland Europe. The arrangement encompasses the delivery of computer parts, and the associated capital purchases, strategic planning, bid support, warehousing and distribution. Synstar currently provides logistics services to its own network of UK and European operations and both companies have established that there are clear benefits in combining the investment and sharing economies of scale involved in this activity. The agreement will see Fujitsu Services enhancing its logistics capability significantly. The contract will run in two phases. The first 'interim' phase is expected to run from now until April 2005, which is the conclusion of the contract with the incumbent supplier. Revenues to Synstar during this phase are not expected to have any material financial impact on projections for the financial years ended September 2003 and 2004. The second 'active' phase of the contract is due to commence in April 2005, and is initially expected to be worth approximately £30 million to £40 million per annum. Synstar expects the contract to be margin enhancing. The business was won in a competitive tender with 12 other firms. Synstar CEO, Steve Vaughan, said: 'This is our first logistics deal and the largest contract Synstar has ever won. It clearly demonstrates again the success in winning larger contracts, one of the corner stones of our business' strategy. This deal will provide significant cost savings for Fujitsu Services and provides Synstar with the foundation to build one of the most significant IT services-based logistics operations in Europe. In addition, this contract will produce a significant improvement in our long term growth and profitability. We very much hope that in time, we will be able to develop other opportunities that arise from this increase in our logistics footprint and capability.' Fujitsu Services Group Commercial Director, Andy MacNaughton said: 'We have been piloting Synstar's service since January and have been impressed by the dynamic and flexible service delivery that we have received. This, coupled with the innovative nature of the commercial deal, made the Synstar offer compelling.' Ends For more information, please contact: Steve Vaughan / Stephen Gleadle / Christine Jones Tel: 01344 662744 Synstar Plc Ed Bridges / James Melville-Ross / Juliet Clarke Tel: 020 7831 3113 Financial Dynamics About Synstar: Synstar International is a pan-European, independent provider of Business Availability services. Business Availability is a full range of integrated services and solutions in five principal areas: business continuity, data management, networking, lifecycle management and computer services. Synstar has customers in the defence, telecommunications, utilities, banking, retail, aerospace, public sector, and automotive industries. Synstar has over 3000 employees with operations across Western Europe and is quoted on the London Stock Exchange (Symbol: SYN). About Fujitsu Services: Fujitsu Services is one of the leading IT services companies in Europe, Middle East and Africa. It has an annual turnover of £1.86 billion (?2.8 billion), employs 13,100 people and operates in over 20 countries. It designs, builds and operates IT systems and services for customers in the financial services, telecom, retail, utilities and government markets. Its core strength is the delivery of IT infrastructure management and outsourcing across desktop, networking and data centre environments, together with a full range of related services, from infrastructure consulting through integrated and deployment. Headquartered in London, Fujitsu Services is the European-centred IT services arm of the Fujitsu Group. The Fujitsu Group is US$38 billion (?35 billion) leader in customer-focused IT systems and services for the global marketplace. Fujitsu Services website: uk.fujitsu.com This information is provided by RNS The company news service from the London Stock Exchange
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