Less Ads, More Data, More Tools Register for FREE

Pin to quick picksDiscoverIE Regulatory News (DSCV)

Share Price Information for DiscoverIE (DSCV)

Share Price is delayed by 15 minutes
Get Live Data
678.00    -7.00 (-1.02%)
Bid:
665.00
Ask:
678.00
Spread: 13.00 (1.955%)
Market Cap: £658.48m
DSCV Live PriceLast checked at - London Stock Exchange

Intraday DiscoverIE Share Chart

Disposal

12 Oct 2010 10:21

RNS Number : 2388U
Acal PLC
12 October 2010
 



For Release

12 October 2010

 

Acal plc

("Acal")

 

Acal announces the disposal of its ATM Parts business

 

Acal plc (LSE: ACL), a specialist provider of technology products and services across Europe and South Africa, today announces that it has completed the sale of its subsidiary, ATM Parts Company Limited ("ATM Parts"), to Cennox plc, a UK based ATM services and technology company, for a consideration of £0.7 million on a debt free, cash free basis.

 

ATM Parts, which is a leading purveyor of ATM parts, parts support solutions and associated technology is a non core business within Acal Supply Chain division. The disposal will allow Acal Supply Chain to focus on its core business of supplying IT spares and outsource solutions for technology service companies.

 

Following completion, there will be a small one off adjusting settlement for the movement in net assets since 31 March 2010. At that date, ATM Parts had gross assets of £1.5 million (excluding cash and inter-company debtors). For the six months ended 30 September 2010, ATM Parts incurred unaudited pre tax losses of £0.2 million on revenues of £1.8 million (pre tax losses of £0.5 million on revenues of £3.3 million for the year ended 31 March 2010).

 

The sale proceeds will add to Acal's existing cash resources.

 

Nick Jefferies, Group Chief Executive said: "This is another important step for Acal as we continue to streamline the Group and focus our operational activities on our core businesses, whilst also increasing our cash resources."

 

For further information, please contact:

Acal plc

Nick Jefferies ~ Group Chief Executive 01483 544500

Simon Gibbins ~ Group Finance Director

 

Cubitt Consulting

Chris Lane / Sam Boston 020 7367 5100

 

 

Notes to Editors:

 

About Acal plc

The Acal Group is a leading technology-based specialist distributor in Europe providing sales, marketing and other services through three divisions: Electronics, Supply Chain and Medical. The Electronics Division distributes electronic and photonic products to industrial manufacturing and design companies. The Supply Chain Division supplies new and refurbished IT, EPOS and ATM spare parts to service providers while the Medical Division supplies advanced medical equipment to public and private healthcare providers. Acal has operating companies in the UK, Netherlands, Belgium, Germany, France, Italy, South Africa, Spain and the Nordic region.

 

About Cennox plc

 

Cennox, a subsidiary of Mainet Limited, are a UK based ATM services and technology business. The ATM division supplies a range of sector specific services to banks and ATM service business including parts supply, project and field services, and signage. The technology division have developed a range of products that enable businesses to communicate with customers and employees through state of the art mobile technologies. Through its B2B text based solutions division, Cennox is able to provide SMS disruption support services to airlines, transport companies, local government and schools. Cennox also provide wireless communications business continuity for office locations in the event of fixed line communication failure.

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
DISGCBDGRBBBGGD
Date   Source Headline
16th Jan 20257:00 amRNSAcquisition of Burster
16th Dec 202411:39 amRNSNotification of Major Holdings
3rd Dec 20247:00 amRNSInterim Results
12th Nov 20247:00 amRNSNotice of Half Year Results
4th Nov 20245:04 pmRNSNotification of Major Holdings
23rd Oct 20247:24 amRNSNotification of Major Holdings
22nd Oct 20242:17 pmRNSNotification of Major Holdings
17th Oct 20244:59 pmRNSNotification of Major Holdings
15th Oct 202412:53 pmRNSDirector/PDMR Shareholdings
15th Oct 20247:00 amRNSFirst Half Trading Update
26th Sep 202411:24 amRNSNotification of Major Holdings
13th Sep 20245:08 pmRNSDirector/PDMR Shareholding
12th Sep 20243:11 pmRNSDirector/PDMR Shareholding
11th Sep 20247:00 amRNSCapital Markets Event
10th Sep 20243:30 pmRNSNotification of Major Holdings
16th Aug 20241:46 pmRNSAuditor Resignation
14th Aug 20242:57 pmRNSNotification of Major Holdings
14th Aug 20248:31 amRNSDirector / PDMR Shareholding
14th Aug 20248:29 amRNSNotification of Major Holdings
12th Aug 20243:27 pmRNSNotification of Major Holdings
6th Aug 20244:50 pmRNSNotification of Major Holdings
6th Aug 20243:15 pmRNSNotification of Major Holdings
6th Aug 202412:14 pmRNSDirector / PDMR Shareholding
30th Jul 20243:24 pmRNSNotification of Major Holdings
26th Jul 202412:49 pmRNSResults of Annual General Meeting
26th Jul 20247:00 amRNSTrading Update
27th Jun 20242:23 pmRNSDirector/PDMR Shareholding - Deferred Bonus Awards
20th Jun 202412:14 pmRNSAnnual Report & Notice of AGM
13th Jun 20248:25 amRNSDirector LTIP Award
5th Jun 20247:00 amRNSPreliminary results
4th Jun 20244:52 pmRNSNotification of Major Holdings
22nd May 20247:00 amRNSNotice of Full Year Results
18th Apr 20247:00 amRNSFull Year Trading Update
28th Mar 20247:30 amRNSDirector Declaration
22nd Mar 20248:09 amRNSNotification of Major Holdings
20th Mar 20243:45 pmRNSDirector/PDMR Shareholding
14th Mar 20241:21 pmRNSDirector/PDMR Shareholding
19th Feb 20244:07 pmRNSDirector/PDMR Shareholding
6th Feb 20247:00 amRNSTrading Update
29th Jan 202410:31 amRNSDirector / PDMR Shareholding
8th Jan 20248:41 amRNSNotification of Major Holdings
4th Jan 20244:03 pmRNSNotification of Major Holdings
21st Dec 20233:57 pmRNSNotification of Major Holdings
13th Dec 20239:03 amRNSNotification of Major Holdings
8th Dec 202310:52 amRNSNotification of Major Holdings
5th Dec 20237:00 amRNSInterim Results
22nd Nov 20238:30 amRNSNotice of Interim Results
11th Oct 20237:00 amRNSFirst Half Trading Update
15th Sep 20239:11 amRNSDirector/PDMR Shareholding
13th Sep 20237:00 amRNSAcquisition of 2J Antennas Group

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.