Electric Word PLC Disposal of Radcliffe Solutions Limited (3920D)
2015年1月28日 - 10:00PM
RNSを含む英国規制内ニュース (英語)
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RNS Number : 3920D
Electric Word PLC
28 January 2015
Wednesday 28 January, 2015
Electric Word Plc (the "Company")
Disposal of Radcliffe Solutions Limited
The Directors of Electric Word plc are pleased to announce the
sale of the Company's subsidiary, Radcliffe Solutions Limited
("RSL") to Clarity Informatics Group Limited for a consideration of
GBP125,000 less working capital adjustments, payable in cash on
completion. The sales proceeds will be used to fund investment
plans in other areas of the business.
The principal activity of RSL is IT consultancy, software
development and licensing of niche software products, primarily to
the public sector. In the year ended 30 November 2013, RSL made a
loss after tax of GBP241,880 on turnover of GBP462,275. The
Directors deem this entity to be non-core to the Group's future
strategy.
For further enquiries please contact:
Julian Turner, Chief Executive, Electric Word 020 7954 3470
Andrew Potts, Panmure Gordon 020 7886 2500
Notes to Editors
Electric Word plc is a specialist media group supporting
professional education, compliance and management through a wide
range of digital, paper and live formats. Our approach is to
identify niche communities within our market sectors and fulfil
their key information, professional development, best practice and
compliance needs.
Increasingly, our aim is to provide higher-value services and
decision-critical data that help our customers to achieve their key
personal and organisational objectives. We achieve this by
developing a deep understanding of our sectors and our customers'
challenges and critical information requirements.
The Group provides content in many different formats, including
subscription websites, journals, magazines, events, face-to-face
training, online training, books, special reports, bespoke research
and consultancy. Competencies developed in one sector can then be
transferred to another as opportunities arise.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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