APC Technology Regulatory News (APC)

4 November 2013

APC Technology Group PLC

("APC" or the "Group")

Acquisition of remaining 10% of Minimise Energy

APC Technology Group PLC (AIM: APC), the specialist distributor and manufacturers' representative of electronic components and smart, energy saving products, is pleased to announce that it has agreed terms to acquire the remaining 10% of the issued share capital of Minimise Energy Limited ("Minimise Energy").

Pursuant to the terms of the acquisition ("Minimise Energy Acquisition"), APC has agreed to pay the minority shareholder of Minimise Energy, in which APC currently has a 90% holding, a total cash consideration of approximately £385,000. On completion of the transaction, APC will own 100% of Minimise Energy. The total consideration payable values Minimise Energy at approximately £3,850,000.

Minimise Energy is involved in marketing of the Group's clean technology products and offers third party financing packages as part of an overall energy reduction solution.

For the year ended 31 August 2013, Minimise Energy recorded a loss before taxation of approximately £533,000 and as at 31 August 2013 had net liabilities of approximately £540,000.

As the vendor of the shares in Minimise Energy is a director of Minimise Energy, the Minimise Energy Acquisition is deemed to be a related party transaction under the AIM Rules. The Company's Directors consider, having consulted with Strand Hanson Limited, the Company's nominated adviser, that the terms of the Minimise Energy Acquisition are fair and reasonable insofar as the Company's shareholders are concerned.

Mark Robinson, CEO of APC, commented:

"This acquisition completes a lengthy restructuring process and results in a simplified Group structure that, we feel, provides the platform for continued growth.

"During the past 12 months, Minimise Energy initiated a number of customer engagements for both LED lighting and monitoring & control systems. Whilst these engagements generated modest revenues in the last financial year we have seen a number of orders over the last couple of months and more recently received indications from a number of new customers across different market sectors which lead us to believe that the business will make a positive contribution in the current financial year."

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