22 Sep 2016 09:35
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Don't have an account? Click here to register.Scysis to re-domicile to Ireland in Brexit contingency plan
Wed, 17th Oct 2018 12:59
(Sharecast News) - Software company Scisys has announced plans to create a holding company incorporated in Ireland as part of its Brexit contingency plans.The holding company will be listed on the junior AIM market and the Enterprise Securities Market of Euronext Dublin and Scisys will be tax resident in the UK."Given the levels of uncertainty which still remain regarding the United Kingdom's future relationship with the European Union, and the group's ongoing desire to continue its long-standing participation in European Union funded programmes, the directors of Scisys now concluded that it is in the best interests of the group to begin formal steps to implement a restructuring of the group. "In particular, the proposals are expected to enable the group to satisfy any applicable European Union residency requirements for EU-funded work without adversely affecting the group's ability to continue contributing to space programmes funded by the European Space Agency, the UK Space Agency and other commercial operators."Shareholders are due to vote on the move at a general meeting next month.At 1445 BST, the shares were down 6.1% to 146.98p.
More News
5 Sep 2016 10:52
Scisys wins further contract with MoD
(ShareCast News) - Scisys, a supplier of bespoke software systems and IT-based solutions, has been awarded a contract by the UK Ministry of Defence to deliver further research and software development services to the Defence Science and Technology Laboratory. The contract, awarded through the MOD's
Read more16 Aug 2016 10:38
Strong euro could benefit full-year numbers for SCISYS
(ShareCast News) - Bespoke software systems supplier SCISYS updated the marker ahead of releasing its interim results in September on Tuesday. The AIM-traded company said it has maintained the "encouraging start to the year" reported at the AGM on 9 June. It said this favourable trading picture is
Read more2 Jun 2016 15:08
10 May 2016 10:52
31 Mar 2016 17:39
Scisys optimistic after problem contract resolved
(ShareCast News) - Preliminary results from Scisys confirmed a strong second half recovery that lifted the numbers above expectations Scisys, which recently won a £4m contract to develop a customs compliance management information system for the UK Ministry of Defence, reinstated the full year divid
Read more24 Mar 2016 16:10
24 Feb 2016 12:16
SCISYS system selected by major UK broadcaster
(ShareCast News) - SCISYS was celebrating a multi-million pound contract win on Wednesday, revealing an unnamed major UK broadcaster was selecting its dira! system for radio production and playout. The AIM-traded supplier of bespoke software and IT solutions said the contract was the next step in im
Read more24 Feb 2016 08:51