Harrier Group PLC
06 December 2004
Harrier Group plc
Merger discussions with Articon-Integralis AG terminated
Discussions on-going with another party which may or may not lead to an offer
The board of Harrier Group plc ('Harrier' or 'Company') announces that following
an extended period of discussions with Articon-Integralis AG with a view to
concluding a merger of the two companies and/or their businesses, these
discussions have now been terminated. This decision has been reached by mutual
agreement because of the structural complexities involved in effecting the
merger and the extended period that it would take to complete such a
transaction.
In the period during which the discussions have been taking place, the board of
Harrier has been approached by a number of parties interested in either making
an offer for the Company or for its business. The board of Harrier has now
entered into discussions with one party which may or may not lead to an offer
for the Company.
Further information in this regard will be provided in due course.
As the board of Harrier is no longer actively considering a transaction that
amounts to a reverse takeover under the AIM Rules, it has requested that the
current suspension of trading in its shares be lifted with immediate effect.
Enquiries:
Jim Stoddart
CEO, Harrier Group
+44 1256 760081
Adam Hart/Jonathan Marren
KBC Peel Hunt Ltd
+44 207 418 8900
Notes for editors:
About the Harrier Group
The Harrier Group plc (AIM market: HRR; ISIN: GB0008823493, shares in issue at
the close of business on 3 December 2004: 29,310,365 ordinary shares of 1p each)
was established in 1987, originally as reseller of products from the Digital
Equipment Corporation and other computer manufacturing companies.
In November 1999 the Harrier Group floated on the AIM Market of the London Stock
Exchange (AIM), and the company is currently the only network security and
storage management integrator to have floated in the UK. In May 2000 the Harrier
Group amalgamated the operations of its four subsidiaries, HNS, HSS, ReNet and
Zeuros to form a new company HarrierZeuros Ltd. The combined technical expertise
and resource enables the Company to provide its clients with leading edge
solutions to secure and enable e-business. In January 2002 Harrier Group plc
acquired IKAN, a small consultancy practise providing business continuity and
operational risk services. IKAN was launched to the UK Market as a two tier
provider of training, risk and business continuity services in April 2002. More
information about the Harrier Group can be found on the Internet: http://
www.harrier.com
About HarrierZeuros
HarrierZeuros provides a range of information protection, assurance and
continuity services that enable organisations to maximise the value of their
existing IT investment. The company offers an independent approach to technology
led solutions with a range of services, including consultancy, secure managed
services and training, covering the entire spectrum of data protection and data
availability technology. Incorporating two sister companies, HarrierZeuros Ltd
and HarrierZeuros Storage Solutions Ltd, HarrierZeuros secures and protects the
business critical data of many of the UK 's leading blue chip companies.
This information is provided by RNS
The company news service from the London Stock Exchange
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