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
676.00    -9.00 (-1.31%)
Bid:
675.00
Ask:
677.00
Spread: 2.00 (0.296%)
Market Cap: £656.54m
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
13th Oct 20167:00 amRNSTrading Update
12th Aug 20161:54 pmRNSHolding(s) in Company
10th Aug 20162:08 pmRNSHolding(s) in Company
26th Jul 201612:13 pmRNSResult of AGM
26th Jul 20167:00 amRNSTrading Statement
20th Jul 20169:44 amRNSHolding(s) in Company
7th Jul 20167:00 amRNSNotice of Trading Update
17th Jun 20169:00 amRNSEXERCISE OF SHARE OPTION
17th Jun 20167:00 amRNSAnnual Report and Accounts
1st Jun 20167:00 amRNSFinal Results
18th Apr 20165:35 pmRNSHolding(s) in Company
15th Apr 20167:00 amRNSTrading Update
23rd Mar 201611:32 amRNSHolding(s) in Company
12th Feb 20167:00 amRNSTrading Update & Acquisition
3rd Feb 20169:37 amRNSDirector Declaration
18th Jan 20167:00 amRNSEXERCISE OF SHARE OPTIONS
11th Jan 20167:00 amRNSAdditional Listing
8th Jan 20167:00 amRNSAcquisition
21st Dec 20157:00 amRNSExercise of Share Options
2nd Dec 201510:53 amRNSDirector/PDMR Shareholding
30th Nov 20157:00 amRNSHalf Yearly Report
6th Nov 20157:00 amRNSAcquisition
29th Oct 20157:00 amRNSBoard Appointments
15th Oct 20157:00 amRNSTrading Update
29th Jul 201512:58 pmRNSResult of AGM
29th Jul 20157:00 amRNSTrading Update
30th Jun 20157:00 amRNSExercise of Share Options
26th Jun 20151:06 pmRNSAnnual Report and Accounts
24th Jun 20153:09 pmRNSHolding(s) in Company
22nd Jun 201510:11 amRNSHolding(s) in Company
19th Jun 20153:59 pmRNSHolding(s) in Company
19th Jun 201511:48 amRNSHolding(s) in Company
17th Jun 20157:00 amRNSNotice of Site Visit
16th Jun 20157:00 amRNSDirectorate Change
4th Jun 201511:28 amRNSRe: Dividend
2nd Jun 20154:00 pmRNSDirector/PDMR Shareholding
2nd Jun 20157:00 amRNSFinal Results
17th Apr 20157:01 amRNSAppointment of New Chairman
17th Apr 20157:00 amRNSTrading Update
12th Mar 20155:52 pmRNSHolding(s) in Company
23rd Feb 20157:00 amRNSBoard Appointment
9th Feb 20157:00 amRNSInterim Management Statement
27th Jan 201512:57 pmRNSHolding(s) in Company
7th Jan 20157:00 amRNSAcquisition
29th Dec 20147:00 amRNSHolding(s) in Company
27th Nov 20147:00 amRNSHalf Yearly Report
19th Nov 20144:17 pmRNSHolding(s) in Company
13th Nov 201410:48 amRNSNotification of Major Interest in Shares
11th Nov 20143:30 pmRNSHolding(s) in Company
6th Nov 20147:00 amRNSNotice of Results

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.