Business
Strategic Review
Strategic Review.
About this update from Aptitude Software Group Plc
[{"type":"text","content":"\n \nRNS Number : 5775R Microgen PLC 29 October 2013 \n \n\nmicrogen\nwww.microgen.com\n \n \n29 October 2013\n \nStrategic Review\n \n \nOn 13 May, the Board of Microgen plc (\"Microgen\" or \"Group\") announced that it would be undertaking a strategic review (\"Strategic Review\" or \"Review\") and now provides the output from that process. The last formal review of the Group's strategy occurred in October 2008 and, taking into account market conditions, the Board at that time determined to maximise the return of capital to shareholders as the priority. As a result, the Board has to date returned in excess of 100% of its October 2008 market capitalisation (£37 million) to shareholders and, in addition, at 10 May 2013, Microgen had a market capitalisation of approximately £100 million, a substantial increase in shareholder value and return of capital over the period, confirming the success of the defined strategy over the past five years.\n \nThe 2013 Strategic Review has considered a diverse range of options for the Group and its Divisions, recognising that the business models of the Divisions are very different with limited synergies between them. The Board has particularly considered the most attractive method of delivering further value to shareholders over the medium term as the economic climate is slowly starting to improve. As a listed company, the public announcement of the Review has enabled the Board, with the assistance of Investec, to explore a far wider range of options and discussions than would have been feasible otherwise. As a result, this update is detailed in order to provide shareholders with an understanding behind the Board's conclusions from the Review and the future strategy of each operating Division and the Group. \n \n \n1.0 Financial Systems Division\n \nThe Group's Financial Systems Division (\"FSD\")...