Statement re Archer lawsuit

RNS Number : 0154S

Sage Group PLC

14 November 2011

 



14 November 2011   

                                                 

Statement in response to Archer lawsuit

The Sage Group plc ("Sage") notes the claim for damages made by Archer Capital ("Archer") following the termination of discussions between Sage and Archer relating to the potential purchase of MYOB.

Sage strongly rejects the claim, which it understands to be in the region of A$130m, and will defend itself vigorously.

Enquiries

The Sage Group plc [phone]

Guy Berruyer, Chief Executive

Paul Harrison, Group Finance Director

Andrew Griffith, Investor Relations

Tulchan Communications [phone]

David Shriver

Lucy Legh

About the Sage Group plc

The Sage Group plc is a leading global supplier of business management software and related products and services, principally for small to medium-sized enterprises. Formed in 1981, Sage was floated on the London Stock Exchange in 1989. Sage has more than 6 million customers and more than 13,400 employees worldwide. We operate in over 24 countries covering the UK, Europe, North America, South Africa, Australia, India and China. For further information please visit www.sage.com

 

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