InterX PLC
1 November 2000
INTERX PLC
Disposal of Properties
The Board of InterX plc ('InterX') today announces that Bell Microproducts,
Inc. ('Bell') yesterday completed the purchase from InterX of the freehold
properties at Fountain Court and Cox House (the 'Properties') in accordance
with the options granted to Bell at the time of disposal by InterX of Ideal
Hardware Limited.
The total consideration paid for the Properties was £16.0 million in cash,
realising a profit after expenses of approximately £2.0 million over the net
book value of the Properties.
Philip Crawford, Chief Executive of InterX commented: 'The disposal of these
properties marks the final stage in divesting InterX of its legacy business,
Ideal Hardware, and increases InterX's cash reserves as it pursues its
strategy of becoming a global internet software technology business'.
Enquiries:
InterX plc
Laura Hotham 020 8817 4136
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