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  5. ACQUISITION OF INFOSCREEN (CYPRUS) LIMITED

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Share Price: 363.00
Bid: 367.00
Ask: 377.00
Change: -1.00 (-0.27%)
Spread: 10.00 (2.725%)
Open: 365.00
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ACQUISITION OF INFOSCREEN (CYPRUS) LIMITED

16 May 2016 07:00

RNS Number : 2275Y
Microgen PLC
16 May 2016
 

microgen

www.microgen.com 16 May 2016

 

 

 

ACQUISITION OF INFOSCREEN (CYPRUS) LIMITED

 

Microgen plc ('Microgen') is pleased to announce the acquisition of Infoscreen (Cyprus) Limited ('Infoscreen') for consideration of €1.8 million. Infoscreen is based in Cyprus with additional offices in Hong Kong and Belgrade. Infoscreen's software is used by approximately 200 clients in the Trust & Fund Administration sector providing the business with a strong recurring revenue base.

 

Infoscreen and its subsidiary's revenue in the year ending 31 December 2015 was €1.0 million with operating profit for the year of €0.1 million. The net liabilities at 31 December 2015 were €0.2 million including net bank and vendor debt of €0.4 million.

 

A key element of the strategy of the Financial Systems business is to increase the proportion of its revenue derived from the Trust & Fund Administration sector and Infoscreen represents the fourth acquisition by Financial Systems within this sector since December 2014.

 

The Financial Systems business continues to progress a number of other add-on acquisition opportunities within the wealth management sector.

 

Contacts

Philip Wood, Group Finance Director 020-7496-8100

 

James Melville-Ross / Darius Alexander 020-3727-1000

FTI Consulting

This information is provided by RNS
The company news service from the London Stock Exchange
 
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Date   Source Headline
16th Jul 20094:16 pmPRNNotice of Results
14th Jul 20093:57 pmPRNBlocklisting - Interim Review
14th Jul 20093:50 pmPRNBlocklisting - Interim Review
7th Jul 20097:00 amRNSTrading Update
30th Apr 20092:43 pmRNSDirector/PDMR Shareholding
22nd Apr 20099:27 amPRNAGM Statement
22nd Apr 20097:00 amRNSInterim Management Statement
25th Mar 200911:41 amPRNAnnual Information Update
26th Feb 20091:58 pmPRNDirector Shareholding
25th Feb 200911:01 amPRNDirector Shareholding
24th Feb 20097:00 amRNSFinal Results
20th Feb 20099:33 amPRNNotice of Results
27th Jan 20091:52 pmPRNHolding(s) in Company
22nd Jan 20093:54 pmPRNBlocklisting - Interim Review
22nd Jan 20093:48 pmPRNHolding(s) in Company
16th Jan 20098:51 amPRNBlocklisting - Interim Review
17th Dec 20084:44 pmPRNHolding(s) in Company
3rd Dec 200811:34 amPRNHolding(s) in Company
2nd Dec 20084:20 pmPRNDirector/PDMR Shareholding
2nd Dec 20084:09 pmPRNDirector/PDMR Shareholding
2nd Dec 20089:47 amPRNHolding(s) in Company
27th Nov 20083:25 pmPRNHolding(s) in Company
27th Nov 20083:12 pmPRNTotal Voting Rights
21st Nov 20087:00 amRNSResult of Tender Offer
19th Nov 200811:28 amRNSResult of General Meeting
13th Nov 200812:50 pmRNSCorrection to Shareholder Circular
6th Nov 20089:47 amPRNHolding(s) in Company
31st Oct 20087:00 amRNSPosting of Shareholder Circular
14th Oct 20087:00 amRNSInterim Management Statement
4th Aug 20087:00 amPRNTotal Voting Rights
17th Jul 20087:00 amRNSInterim Results
15th Jul 20085:05 pmRNSNotice of Results
2nd Jul 20083:43 pmPRNBlocklisting - Interim Review
24th Jun 200812:35 pmRNSAdditional Listing
6th May 20086:04 pmPRNAnnual Information Update
2nd May 200810:15 amPRNDirector Shareholding
28th Apr 200810:48 amRNSStatement re Scisys plc
24th Apr 20089:26 amRNSRule 8.3- Microgen
24th Apr 20089:16 amRNSRule 8.3- Microgen
22nd Apr 20089:50 amRNSAGM Statement
22nd Apr 20087:00 amRNSInterim Management Statement
16th Apr 20089:13 amRNSOffer Update
16th Apr 20087:00 amRNSOffer Update
14th Apr 20089:42 amRNSEPT Disclosure
11th Apr 200812:28 pmRNSStatement re. Press Comment
11th Apr 200811:56 amRNSStatement re Scisys
8th Apr 20089:43 amRNSHolding(s) in Company
7th Apr 20084:35 pmRNSHolding(s) in Company
4th Mar 20081:45 pmPRNHolding(s) in Company
29th Feb 20084:10 pmPRNDirector/PDMR Shareholding
78910111213141516

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