29th Feb 2016 15:45
FOR IMMEDIATE RELEASE | 29 February 2016 |
BOND INTERNATIONAL SOFTWARE PLC
("Bond", the "Company" or the "Group")
STRATEGIC REVIEW UPDATE
Bond International Software plc is pleased to announce that it has concluded its strategic review, which commenced in March 2015. The review has been wide ranging and the Board has considered all strategic options available to the Group and, following this, the Board has concluded that a programme of divestment would create maximum value for shareholders. The Board is therefore pleased to announce that it is in active negotiations to sell one or more of the Company's operating divisions. Consequently the Board is terminating the formal sale process and the Company is no longer in an "Offer Period" (as defined in the UK Takeover Code).
For further information, please contact:
Bond International Software Plc: | Tel: 01903 707070 |
Steve Russell: Group Chief Executive | e-mail: [email protected] |
Bruce Morrison: Finance Director |
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SunTrust Robinson Humphrey | Tel: 001 678 488 0504 |
Thomas Bailey |
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Buchanan: | Tel: 020 7466 5000 |
Richard Darby | e-mail: [email protected] |
Gabriella Clinkard |
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Cenkos Securities plc: | Tel: 020 7397 8900 |
Stephen Keys Camilla Hume |
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Related Shares:
BDI.L