19th Jun 2007 16:15
Press information
Tuesday 19 June 2007: For immediate release
Completion of Telecoms Products disposal and commencement of share buy back
Further to its announcement of 20 February 2007, LogicaCMG confirms that the divestment of its Telecoms Products business has now completed, following the necessary employee consultation and regulatory approvals.
The results for the business up to the date of completion will be reported as a discontinued operation.
We expect to proceed with the previously announced ‚£130 million share buyback programme with immediate effect.
For further information:
LogicaCMG +44 (0) 20 7446 1786 Media relations: Carolyn Esser/Louise Fisk +44 (0) 20 7446 4372 Investor relations: Karen Keyes +44 (0) 207 404 5959
Brunswick: Tom Buchanan/Craig Breheny Note to editors
LogicaCMG is a major international force in IT and business services. It employs around 40,000 people across 41 countries. LogicaCMG's focus is on enabling its customers to build and maintain leadership positions using LogicaCMG's deep industry knowledge and its track record for successful delivery. The company provides business consulting, systems integration and IT and business process outsourcing across diverse markets including telecoms and media, financial services, energy and utilities, industry, distribution and transport and the public sector. Headquartered in Europe, LogicaCMG is listed on the London Stock Exchange, Euronext (Amsterdam) and is traded on the Xternal list on the Nordic Stock Exchange . More information is available at www.LogicaCMG.com
LOGICACMG PLCRelated Shares:
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