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 |
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Andrew Smith, Finance Director |
Tel: +44(0)7712 866 461 |
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Joint Broker - Investec |
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Keith Anderson/Daniel Adams |
Tel: +44(0)20 7597 5970 |
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Joint Broker - Collins Stewart |
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Mark Dickenson/Ileana Antypas |
Tel: +44(0)20 7523 8350 |
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Financial PR |
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Threadneedle Communications |
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Trevor Bass/Alex White |
Tel: +44(0)20 7936 9666 |
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IR - Hansard Communications |
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John Bick/Kirsty Corcoran |
Tel: +44(0)7245 1100 Tel: +44(0)7872 061007 |
This information is provided by RNS