ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for alerts Register for real-time alerts, custom portfolio, and market movers

VTC Videndum Plc

1,290.00
0.00 (0.00%)
20 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Videndum Plc LSE:VTC London Ordinary Share Ordinary Shares
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 1,290.00 1,280.00 1,288.00 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Trading Statement

23/12/2003 7:00am

UK Regulatory


RNS Number:5795T
The Vitec Group PLC
23 December 2003

23 December 2003

                          The Vitec Group plc

                       Pre Close Trading Update,
          Termination of Discussions with EVS Broadcast Equipment
          and Acquisition of Distribution Activities of Multiblitz

As set out in the circular of 10 December relating to the disposal of ALU, The
Vitec Group plc ("Vitec"), the international supplier of products, services and
solutions to the Broadcast, Entertainment and Media industries, confirms that,
since its announcement on 1 September, trading and the outlook for the Group has
continued to meet Directors' expectations.

In addition, further to the announcement on 28 November, Vitec announces that it
is no longer in discussions with EVS Broadcast Equipment regarding the possible
acquisition of this business. There will be an exceptional charge of some #0.9
million for the related costs in the full year accounts.

The company also announces that it has agreed to acquire the business and assets
of the domestic distribution activity of Multiblitz (Dr. Ing. D.A. Mannesmann
Gmbh & Co), the long-standing distributor of the Group's Manfrotto products in
Germany. The net assets of the business were EUR 0.8m as at 31 December 2002.


                                     -Ends-


Contacts:

Gareth Rhys Williams                     Telephone: 020 8939 4650
The Vitec Group plc

Rob Gurner                               Telephone: 020 7831 3113
Financial Dynamics



Notes to Editors

The Vitec Group supplies a wide range of equipment and services to the
broadcasting, entertainment, photographic and retail display industries. Its
products are distributed in nearly 100 countries, either through dealerships or
direct to the end user or corporate sector, and it has manufacturing facilities
in five countries. The Vitec Group is a major force in its chosen specialised
fields. More information can be found at: www.vitecgroup.com.


                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

TSTBRBDDRDDGGXD

1 Year Videndum Chart

1 Year Videndum Chart

1 Month Videndum Chart

1 Month Videndum Chart

Your Recent History

Delayed Upgrade Clock