10 Jan 2019 07:00
Date: 10 January 2019
On behalf of: Jaywing plc ("Jaywing", "the Company" or "the Group")
Jaywing plc
Completion of Disposal
Further to the announcement made on 20th November 2018, Jaywing plc (AIM: JWNG), the data science led agency, consultancy and technology business has confirmed that the sale of its contact centre business, HSM Ltd ("HSM") to Bidco ("Bidco"), which is backed by Aquiline Capital Partners LLC ("Aquiline"), a New York and London-based private equity firm investing in financial services and technology, has now completed.
The disposal of this non-core asset strengthens the balance sheet; simplifies the Jaywing offering; provides a sizeable and ongoing revenue stream; reduces a lease obligation and allows management to concentrate entirely on developing the core business.
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Enquiries:
Jaywing plc | |
Michael Sprot (Company Secretary) | Tel: 0114 281 1200 |
Cenkos Securities plc | |
Nicholas Wells / Callum Davidson | Tel: 020 7397 8900 |
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Jaywing (JWNG)