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Disposal of Datacare

7th Sep 2010 07:21

RNS Number : 2581S
Mears Group PLC
07 September 2010
 



 

 

 

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.

 

 

Enquiries:

 

Mears Group PLC

Bob Holt, Chairman

Tel: +44(0)7778 798 816

Andrew Smith, Finance Director

Tel: +44(0)7712 866 461

Joint Broker - Investec

Keith Anderson/Daniel Adams

Tel: +44(0)20 7597 5970

Joint Broker - Collins Stewart

Mark Dickenson/Ileana Antypas

Tel: +44(0)20 7523 8350

Financial PR

Threadneedle Communications

Trevor Bass/Alex White

Tel: +44(0)20 7936 9666

IR - Hansard Communications

John Bick/Kirsty Corcoran

Tel: +44(0)7245 1100

Tel: +44(0)7872 061007

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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