CBUY.L Regulatory News (CBUY)

31 Jan 2007 07:01

@UK PLC31 January 2007 Embargoed till 07:00 31 January 2007 @UK PLC ("@UK") Pre close announcement and appointment of new Chief Executive @UK PLC (AIM:ATUK), a leading provider of software solutions that facilitateeCommerce and eProcurement in the government and health sectors, today confirmsthat it expects its Preliminary Results for the year ended 31 December 2006 tobe in line with market expectations. @UK will announce its Preliminary Resultsfor the year ended 31 December 2006 before the end of March 2007. @UK also announces the appointment of Grant Oliver as Chief Executive of theCompany with immediate effect. Grant has been acting as Interim General Managerfor @UK since 10 November 2006 and has worked in the IT and Software sector formore than 15 years. Commenting on the appointment of Grant Oliver, Chairman, Bernard Fisher said: "After a thorough search for a new Chief Executive, we are delighted withGrant's appointment to the Board. With this appointment, the Company's strong balance sheet and good progress in implementing the new strategy, the Board isconfident in @UK's future." For further information please contact: @UK PLC +44 (0) 118 963 7000Grant Oliver, CEOJohn Aiken, Finance Director Shore Capital +44 (0) 20 7408 4090Graham Shore / Dru Danford Smithfield +44 (0) 20 7360 4900Tania Wild Grant Oliver (aged 54) is currently a director of the following companies:The Marketing Process Company LimitedMarcus and Grant's Holding Company Limited During the last five years Grant Oliver has been a director of the followingcompanies:Software Investors LimitedInfospectrum Worldwide Holdings LimitedCIP Outsourcing Limited There are no other details to disclose under Schedule 2(g) of the AIM Rules. Mr Oliver has been granted options over 1,000,000 shares in the company at anexercise price of 14.75p. These options vest in equal tranches after one, twoand three years. The options are exercisable over a 10-year period Notes to Editors: @UK is one of the UK's leading eMarketplace providers. @UK's software provides asecure internet eMarketplace enabling buyers such as local authorities, schoolsand hospitals to buy online from commercial suppliers ranging from largecorporations to small to medium enterprises (SMEs). It works by linking the financial systems of bodies such as local authorities,hospitals, schools and large corporations to all their suppliers. This allowsbuying and selling to take place with no paperwork and no chance oftransposition errors, achieving major savings throughout the supply chain. @UK provides eCommerce to thousands of suppliers of every size, frommultinational businesses to "one man band" window cleaners and plumbers and thenumbers are growing daily. Even the smallest suppliers can now tradeelectronically with customers creating electronic orders and more importantlyraise electronic invoices for all their customers. @UK PLC also offers services to new businesses, including incorporation, companysecretary services and filing annual returns. Over 100,000 companies have beenincorporated using @UK's online company formation service. @UK joined AIM in December 2005, raising £8 million before expenses at an issueprice of 60p. In May 2006 it purchased Coding International Limited, its firstacquisition since becoming a quoted company, @UK is included in the Software andComputer Services Sector (9530). For further information please visitwww.ukplc.net. This information is provided by RNS The company news service from the London Stock Exchange