Last checked at 18 Dec 2018 07:00
18 December 2018
Ubisense Group plc
(the "Company" or the "Group")
Update on Sale of RTLS SmartSpace
Ubisense Group plc (AIM: UBI) is pleased to announce that, in connection with the conditional Sale of the RTLS SmartSpace business (the "Sale") and the renaming of the group to IQGeo Group plc announced on 21 November 2018, approval of the German Federal Cartel Office (Bundeskartellamt) to the Sale has been received.
Accordingly, the only remaining condition for the Sale transation is the completion of the restructuring of the Group to separate the RTLS SmartSpace business as set out in the circular. Completion of the Sale is expected to take place on 31 December 2018, after which it is expected that the shares of the Company will trade under the new name IQGEO Group Plc and the ticker (TIDM) "IQG" from 3 January 2019.
For further information contact:
Ubisense Group plc +44 (0) 1223 535170
Richard Petti
Tim Gingell
finnCap Ltd +44 (0) 20 7220 0500
Henrik Persson, Anthony Adams (Corporate Finance)
Tim Redfern, Richard Chambers (Corporate Broking)
Tulchan Communications LLP +44 (0) 20 7353 4200
James Macey White, Matt Low, Deborah Roney