DiscoverIE Regulatory News (DSCV)

28 Sep 2007 17:19

Acal PLC28 September 2007 FOR IMMEDIATE RELEASE 28 SEPTEMBER 2007 Not for release, publication, or distribution in or into the United States ofAmerica, Australia, Canada or Japan ACAL plc (Leading pan-European, value-added technology based distributor providing specialist design-in, sales and marketing services) PROPOSED DISPOSAL OF THE ACAL IT SOLUTIONS BUSINESS FOR £41 MILLION Further to its announcement on 27 September 2007, Acal plc announces that acircular (the "Circular") relating to the proposed disposal of the Acal ITSolutions Business (the "Disposal") has been posted to shareholders today. The Circular contains a notice convening an Extraordinary General Meeting ofAcal plc to be held at their offices at 2 Chancellor Court, Occam Road, SurreyResearch Park, Guildford GU2 7AH on 19 October 2007 at 11 a.m. to approve theDisposal. The Circular is available for inspection at the offices of Lovells LLP, AtlanticHouse, Holborn Viaduct, London EC1A 2FG and at the UKLA's Document ViewingFacility, which is situated at: Financial Services Authority, 25 The North Colonnade, Canary Wharf, London E14 5HS For further information:- Tony Laughton - Chief Executive 01483 544500Jim Virdee - Finance Director 01483 544500Brian Coleman-Smith/James Verstringhe/Leanne Denman 020 7367 5100Cubitt Consulting Notes to Editors: 1 The Acal Group is a leading European technology based distributor providing specialist design-in, sales, marketing and other services at present through three divisions: Electronics, Parts Services and IT Solutions. Its value-added philosophy and geographic coverage enables Acal to provide specialist knowledge and support to customers on a pan-European basis. 2 Design-in is the process by which Acal's sales engineers work with customers and suppliers to procure components which meet the specific technical and performance needs of the customers. 3 Acal has operating companies in the UK, Netherlands, Belgium, Germany, France, Italy, Spain and Scandinavia. Westech Electronics, an associated company, is based in Singapore and covers the Far East region. This information is provided by RNS The company news service from the London Stock Exchange