Re: Softline Limited
2003年9月23日 - 9:36PM
RNSを含む英国規制内ニュース (英語)
23 September 2003
Sage acquisition of South African software vendor Softline approved by Softline
shareholders
Further to its announcement of 1 August 2003, The Sage Group plc ("Sage")
announces that its agreement to acquire Softline Limited ("Softline") has
received Softline shareholders' approval.
The acquisition agreement was approved at a meeting of Softline shareholders on
23 September. The acquisition is expected to complete in mid-October 2003,
following receipt of final regulatory clearances.
The transaction has an equity value of �66.0m (enterprise value of �54.9m).
Softline is a leading provider of business management software in South Africa
and Australia. The proposed acquisition of the Softline business is consistent
with the Sage strategy of expanding geographically into attractive markets.
Paul Walker, Sage Chief Executive, commented: "The acquisition of Softline
extends our geographical presence to the attractive South African and
Australian markets in which Softline is well established. It provides us with
leading product brands in accounting, payroll and taxation software for
small-to-medium-sized enterprises, together with a sizeable customer and
reseller base."
Simultaneous with this announcement, Softline has issued an announcement
providing details of shareholders' vote of approval.
All financial information calculated on the basis of �1 = ZAR 11.9
Enquiries:
The Sage Group plc 0191 255 3000 Financial Dynamics 020 7831 3113
Paul Walker, Chief Executive Giles Sanderson
Paul Harrison, Finance Director Harriet Keen
Phil Branston, Investor Relations Caroline LeDosquet
Notes to editors:
The Sage Group plc is a leading international supplier of accounting and
business management software solutions and related products and services for
small to medium-sized enterprises. Formed in 1981, Sage was floated on the
London Stock Exchange in 1989 and the Group now employs over 5,500 people
worldwide.
END