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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Xploite | LSE:XPT | London | Ordinary Share | GB00B037D647 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 38.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMXPT RNS Number : 8179T XploiTe PLC 12 June 2009 12 June 2009 Xploite plc Result of EGM At today's Extraordinary General Meeting of Xploite plc (AIM: XPT, 'the Company'), the operator and aggregator of strategic and high growth IT services businesses, the resolutions relating to the disposal by its subsidiary, Xploite IHC, of Anix, its Managed Services Division, to ACS BPS, were passed. The results were: Resoloution 1 - 15,856,779 votes were cast of which 99.7% were in favour. Resolution 2 - 15,856,779 votes were cast of which 99.7% were in favour. The disposal raises GBP31.5 million in cash, subject to a deduction for debt and working capital, expected to be circa GBP3.1 million. The transaction is scheduled to close later today. The Group's strategy is to acquire, either through the issue of securities or for cash, quoted and non-quoted companies operating in the UK Information Communication Technology services sectors. The acquisition strategy is focused on a limited number of "buy and build" opportunities, with the intention of realising further value for shareholders through a future exit. Already numerous opportunities have been identified. Ian Smith, Xploite Chief Executive commented, "Already we are well advanced in implementing our strategy to create further shareholder value. We are in a strong position at this time of the economic cycle to buy businesses at time when valuations are very attractive." Enquiries: +-------------------------------------------+-------------------------------------+ | Xploite plc | 0870 737 2001 | +-------------------------------------------+-------------------------------------+ | Ian Smith, Chief Executive Officer | | +-------------------------------------------+-------------------------------------+ | Robert Arrowsmith, Finance Director | | +-------------------------------------------+-------------------------------------+ | | | +-------------------------------------------+-------------------------------------+ | KBC Peel Hunt Ltd | 0207 418 8900 | +-------------------------------------------+-------------------------------------+ | Richard Kauffer | | +-------------------------------------------+-------------------------------------+ | | | +-------------------------------------------+-------------------------------------+ | College Hill | 020 7457 2020 | +-------------------------------------------+-------------------------------------+ | Adrian Duffield/Rozi Morris | | +-------------------------------------------+-------------------------------------+ This information is provided by RNS The company news service from the London Stock Exchange END REGILFSIRLIFLIA
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