Last checked at 5 Jan 2009 13:00
| Press Release | 05 January 2009 |
Focus Solutions
("Focus" or the "Company")
Director Shareholding
Focus Solutions Group plc, a leading provider of proven enterprise solutions to the financial services market, announces today that it was informed by John Streets, Founder and Non-Executive Director of Focus Solutions, of the sale of 500,000 Ordinary Shares in the Company to Azini 1, a fund managed by Azini Capital Partners LLP on 31st December 2008.
The disposal of shares by John Streets brings his ownership to 8,000,000 Ordinary Shares, representing 27.15% of total voting rights and Azini 1's to 8,595,686 Ordinary Shares, representing 29.17% of total voting rights. This acquisition makes Azini 1 the Company's largest shareholder.
John Streets, Non-Executive Director of Focus, commented: "Following a series of impressive results and contract wins, including posting our best ever half year results, it was an opportune time to release a proportion of the equity I have in the Company."
Nick Habgood, recently appointed Non-Executive Director of Focus and Managing Partner at Azini Capital Partners LLP said: "The decision to take a greater shareholding in Focus Solutions underpins our belief in the future of the Company and the exciting opportunities for its focus:360° product moving forward."
Richard Stevenson, CEO of Focus Solutions, added: "We welcome Azini Capital's further investment in Focus Solutions and are confident in the support they can provide us to realise our ambitions for the Company."
- Ends -
For further information:
| Focus Solutions Group plc | |
| Richard Stevenson, Chief Executive | Tel: +44 (0) 1926 468300 |
| Martin Clements, Finance Director | www.focus-solutions.co.uk |
| Daniel Stewart & Company plc | |
| Graham Webster | Tel: +44 (0) 20 7776 6550 |
| Simon Starr | www.danielstewart.co.uk |
Media enquiries:
| Abchurch | |
| Heather Salmond / Ariane Comstive / Joanne Shears / Mark Dixon | Tel: +44 (0) 20 7398 7709 |
| Joanne.shears@abchurch-group.com | www.abchurch-group.com |
Notes to editors:
About Focus Solutions Group plc
Focus Solutions is an established and proven supplier of enterprise solutions to the financial services industry in the UK, Ireland and more recently across Europe.
Focus has delivered over 100 complex front office projects with multiple integration points and partners to a blue chip client base including 8 out of the top 10 UK Life & Pension providers, a number of leading bancassurers including the likes of HSBC, Irish Life and Barclays, significant wealth management players such as St James's Place and a number of mortgage. The technology truly enables straight through processing whilst providing an engaging client and adviser experience to submit and service business electronically.
focus:360° is at the core of all client implementations providing a single, agile, multi-channel technology platform. Focus has brought together three key areas of expertise: software, consultancy and service delivery. This totally integrated approach means clients can distribute any product across any channel. At the same time they can maintain an enterprise-wide view of the customer value and risk.
For further information on Focus, please visit www.focus-solutions.co.uk
About Azini Capital
Azini Capital specialises in acquiring significant shareholdings in private and public technology companies - providing historical investors and shareholders with liquidity which might otherwise be difficult to achieve. Azini Capital is also able to provide follow on funding to support the development and growth of its portfolio companies. See www.azini.com
Azini Capital Partners LLP is authorised and regulated by the FSA.