Anite Group PLC
09 November 2006
For immediate release 9 November 2006
Anite Group plc
Disposal of GMO MC
Anite Group plc ('Anite' or 'the Group'), the worldwide IT solutions and
services company, today announces that Anite Holding GmbH (an indirect wholly
owned subsidiary of Anite) has sold its shareholding in GMO Management
Consulting GmbH ('GMO MC'), to Dr K Spiller, the managing director of GMO MC,
for a cash consideration of £0.1m. GMO MC is the smallest of Anite's two IT
consultancy businesses based in Germany and employs 15 people.
Prior to completion the capital reserve of £0.7m was paid to Anite. In the year
ended 30 April 2006, GMO MC reported profit before tax of less than £0.1m.
Commenting on the disposal, Steve Rowley, Anite's Chief Executive, stated:
'We are pleased to have completed this disposal. This follows the sales of other
peripheral businesses in recent years and is in line with our stated strategy of
focusing on growth opportunities in our core markets.'
- Ends -
For further information, please contact: www.anite.com
Anite Group plc 01753 804000
Steve Rowley, Chief Executive
Geoff Bicknell, Interim Group Finance Director
Smithfield 020 7360 4900
Reg Hoare/Sara Musgrave
Print resolution images are available for the media to view and download from
www.vismedia.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.