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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.
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23 Sep 2010 11:32

S&U, Gleeson, China Prv Eqty, Scisys

Central African Gold said its future as a miner of the precious metal in Zimbabwe is becoming clearer after a tough period for the group given conditions in the troubled country, but that 'there are still significant and complex hurdles that need to be addressed over the short and medium term.' Pre

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23 Jul 2010 11:03

Small caps round-up: Sirius, Sterling Energy, Amur ...

Mining and exploration holding company Sirius Exploration saw losses swell to £3.8m in the year ended 31 March from £0.5m a year ago "We will continue to develop these opportunities whilst also potentially acquiring other potash projects to diversify risk and ensure we move rapidly towards our goal

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23 Jul 2010 07:18

SciSys 1H Trading In Line With Views

LONDON (Dow Jones)--SciSys PLC (SSY.LN), a supplier of bespoke ICT software systems, IT based business solutions and support services to the Media Broadcast, Space, Government & Defence, Environment and Applications Support sectors, said Friday trading for the first half ended June 30 has been in li

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25 Mar 2010 17:36

Small Caps round-up: Digital Barriers, Northbridge Industrial, Nanoco..........

AIM shell company Digital Barriers has made its first acquisition since joining AIM three weeks ago. The shell will pay up to £2.5m for Security Applications Ltd, which supplies thermal imaging equipment for perimeter surveillance. This is the first step in Digital Barriers' strategy to provide pr

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3 Dec 2009 13:35

Small caps round-up: Max Property, Findel, SciSys

Max Property has increased its net asset value to 103p a share since floating on AIM in May. Nick Leslau's property investment company made its first acquisition of a portfolio of commercial properties in August. The placing in May raised £211.4m at 100p a share. The Industrious property portfolio

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3 Aug 2009 11:26

Small cap round-up: YouGov, Lok'n'store, International Ferro...

Market researcher YouGov's trading has met expectations recently despite continuing difficult trading environment experienced by the entire marketing services sector. "The company has begun to see the benefits of the increased focus on its key growth areas of business as well as the cost reduction

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28 May 2009 09:02

Small caps round-up: Borders & Southern, AT Communications, Scapa ...

Falklands Islands-focused oil group Borders and Southern said it is ready to seek partners for its licenses after defining a multi-billion barrel prospect inventory in the South Falkland Basin. The group posted a pre-tax loss of £4.7m in 2008, compared with £336,000. While noting that the price of

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15 May 2009 07:51

Scisys wins BBC gig

Software systems provider Scisys has won a framework contract with the BBC to provide audio editing and play-out solution. The contract is likely to be worth £10m to £15m and will run from 2009 to 2013 as the BBC refreshes most of its audio editing and play-out (AE&P) systems. Scisys’s subsidiary,

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