Acquisition

Screen PLC 18 April 2000 Screen PLC ('the Company') - Acquisition of Tranzline Limited The Company announces that it has today entered into a conditional agreement to purchase the entire issued share capital of Tranzline Limited ('Tranzline'). The consideration payable for Tranzline comprises £435,000 payable in cash on completion and £800,000 to be satisfied by the issue of 4,155,844 ordinary shares at a price of 19.25 pence per share on completion. In addition, a further £100,000 to be satisfied by the issue of 519,481 ordinary shares at a price of 19.25 pence per share would be payable if certain net asset value and profit targets are met for the year ending 31 March 2001. Tranzline was formed in 1987 and is a leading author in the UK for Customer Relationship Management ('CRM') software. Tranzline's CRM software is highly configured, web-enabled and manages for an organisation the total customer/supplier interface. Tranzline's turnover for the year ended 31 March 2000, based on its management accounts, was approximately £1,046,000. Tranzline's management accounts for the twelve month period ended 31 March 2000 showed profit before tax of approximately £3,000 and net liabilities of approximately £251,000. Petards Datax, a subsidiary of the Company, which has been providing mobile data systems for police and emergency services has been planning to take its technology and products to the commercial market. The Company believes that Petards Datax's vehicle mounted and WAP-enabled handheld devices once combined with Tranzline's CRM software will offer an attractive product for the commercial market.
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