Acal PLC
28 September 2007
FOR IMMEDIATE RELEASE 28 SEPTEMBER 2007
Not for release, publication, or distribution in or into the United States of
America, Australia, Canada or Japan
ACAL plc
(Leading pan-European, value-added technology based distributor
providing specialist design-in, sales and marketing services)
PROPOSED DISPOSAL OF THE ACAL IT SOLUTIONS BUSINESS
FOR £41 MILLION
Further to its announcement on 27 September 2007, Acal plc announces that a
circular (the "Circular") relating to the proposed disposal of the Acal IT
Solutions Business (the "Disposal") has been posted to shareholders today.
The Circular contains a notice convening an Extraordinary General Meeting of
Acal plc to be held at their offices at 2 Chancellor Court, Occam Road, Surrey
Research Park, Guildford GU2 7AH on 19 October 2007 at 11 a.m. to approve the
Disposal.
The Circular is available for inspection at the offices of Lovells LLP, Atlantic
House, Holborn Viaduct, London EC1A 2FG and at the UKLA's Document Viewing
Facility, which is situated at:
Financial Services Authority, 25 The North Colonnade, Canary Wharf,
London E14 5HS
For further information:-
Tony Laughton - Chief Executive 01483 544500
Jim Virdee - Finance Director 01483 544500
Brian Coleman-Smith/James Verstringhe/Leanne Denman 020 7367 5100
Cubitt Consulting
Notes to Editors:
1 The Acal Group is a leading European technology based distributor providing
specialist design-in, sales, marketing and other services at present through
three divisions: Electronics, Parts Services and IT Solutions. Its
value-added philosophy and geographic coverage enables Acal to provide
specialist knowledge and support to customers on a pan-European basis.
2 Design-in is the process by which Acal's sales engineers work with customers
and suppliers to procure components which meet the specific technical
and performance needs of the customers.
3 Acal has operating companies in the UK, Netherlands, Belgium, Germany,
France, Italy, Spain and Scandinavia. Westech Electronics, an associated
company, is based in Singapore and covers the Far East region.
This information is provided by RNS
The company news service from the London Stock Exchange