Disposal of Investment

RNS Number : 5707B

Aquila Services Group PLC

09 October 2020

 

For immediate release

9 October 2020

Aquila Services Group plc

("Aquila" or the "Company")

Disposal of Investment

Aquila, the quoted parent company of three main trading subsidiaries which provide professional consultancy and support services to organisations and businesses involved in the affordable housing, education, sports and community services sectors, announces that it has sold its 25% shareholding in 3C Consultants Ltd,  a company providing IT consultancy services to the housing sector, ("3C") under a share buyback arrangement.  3C have paid a cash consideration equivalent to Aquila's original cost of investment of £219,345 plus 15%.

For further information please visit www.aquilaservicesgroup.co.uk . or contact:

Aquila Services Group plc

Claire Banks

Group Finance Director and Company Secretary

Tel: [phone]

Beaumont Cornish Limited, Financial Adviser

Roland Cornish

Tel: [phone]

Notes to editors:

About Aquila Services Group plc

Aquila is the London Stock Exchange listed parent company of: Altair Consultancy and Advisory Services Ltd, a specialist housing consultancy; Aquila Treasury and Finance Solutions Ltd, an FCA registered subsidiary of treasury management advisors; and Oaks Consultancy Ltd, specialist consultancy in sport, education and charities. It also has investment in AssetCore Limited, a platform for storing and managing loan security information with links to lenders, legal advisors, and security trustees.

https://altairltd.co.uk/

https://www.atfsltd.co.uk/

https://www.oaksconsultancy.co.uk/

http://www.assetcore.com/

 

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