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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Vega Grp. | LSE:VEG | London | Ordinary Share | GB0009291500 | ORD 5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 273.20 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:9074Z Anite Group PLC 09 July 2007 Monday, 9 July 2007 Anite Group plc Disposal of Anite Deutschland Anite Group plc ("Anite" or "the Group"), the worldwide IT solutions and services company, today announces that it has disposed of Anite Deutschland Management GmbH and its subsidiaries (together "Anite Deutschland") to VEGA Group PLC for a total consideration of #8.0 million payable in cash on completion. Anite Deutschland, which is based in Cologne, employs 90 permanent staff and 80 associates and focuses on IT consultancy and systems integration in a range of vertical markets such as defence and financial services. The disposal follows the sale of eight other peripheral businesses in recent years and represents the Group's last remaining business in the IT services market in Europe. It is in line with Anite's stated strategy of focusing on growth opportunities in its core markets as the Group continues its transformation into a leading global software business, with a stronger focus on wireless telecoms, from a public sector and IT consulting and services business. In the immediate future, the consideration proceeds are being used to reduce Group indebtedness. In Anite's financial year ended 30 April 2007, Anite Deutschland generated Euro17.3m (#11.7m) in revenues and achieved profit before interest and tax of Euro1.0m (#0.7m). Net assets, excluding goodwill as at 30 April 2007 were Euro1.9m (#1.3m). As the last remaining constituent of Anite's former International division, its results will be shown as a discontinued activity in Anite's future results. Commenting on the disposal, Steve Rowley, Anite's Chief Executive, stated: "We are pleased to have completed this disposal. This follows the sale of other peripheral businesses in recent years and is in line with our stated strategy of focusing on growth opportunities in our core markets as we continue the transformation of Anite into a leading global software business." - Ends - Anite Group plc www.anite.com Steve Rowley, Chief Executive 01753 804000 Chris Humphrey, Finance Director Smithfield 020 7360 4900 Reg Hoare/Tania Wild This information is provided by RNS The company news service from the London Stock Exchange END DISSSFFLUSWSEEW
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