Last checked at 7 Sep 2010 07:21
7 September 2010
Mears Group PLC
("Mears" or "the Group")
Disposal of Datacare Business Systems Limited ("Datacare")
Mears today announces the disposal of Datacare to Mavinwood plc generating net proceeds of £1.0m. Datacare was acquired earlier this year as part of the Supporta plc acquisition. At the time Mears acquired Datacare, the Group stated it would conduct a review of the business to determine whether it formed a part of Mears' long term strategy. Following this review, it was determined that Datacare is not core to the Group's strategy.
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Enquiries:
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| Mears Group PLC |
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| Bob Holt, Chairman | Tel: +44(0)7778 798 816 |
| Andrew Smith, Finance Director | Tel: +44(0)7712 866 461 |
| Joint Broker - Investec |
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| Keith Anderson/Daniel Adams | Tel: +44(0)20 7597 5970 |
| Joint Broker - Collins Stewart |
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| Mark Dickenson/Ileana Antypas | Tel: +44(0)20 7523 8350 |
| Financial PR |
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| Threadneedle Communications |
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| Trevor Bass/Alex White | Tel: +44(0)20 7936 9666 |
| IR - Hansard Communications |
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| John Bick/Kirsty Corcoran | Tel: +44(0)7245 1100 Tel: +44(0)7872 061007 |