SWORD Group

Sword Group : Public Offer under takeover code ...

Sword Group : Public Offer under takeover code made for Charteris plc.

Public Offer under takeover code made for Charteris plc.

Sword Group - Charteris

Confirmation of Acquisition Strategy
Strengthening of UK services offerings
Focus on core Microsoft Technology
capabilities

Luxembourg, November 15th, 2013

Sword Group has announced its firm intention to make a public  offer under the UK City Code Takeovers and Mergers for Charteris plc. which is quoted on the AIM stock market.

Sword is proposing a price of 4,5 pence per share which represents a premium of circa 50% compared to the current trading value.

The offer is conditional upon, amongst other things Sword receiving valid acceptances of not less than 90% of the shares to which the offer relates, although Sword has the possibility of reducing this threshold if it is felt to be appropriate.

Charteris was formed in 1996 and is headquartered in London with an office in Scotland.

Charteris delivers IT integrated solutions to clients by providing expert IT advice, business consulting services and the implementation of Microsoft technologies products.  These services are delivered to blue chip international companies as well as homeland security, local government and retail clients.

As a result of the synergies with Sword's already existing Microsoft integration capabilities, the cost savings realised via a delisting exercise and reductions in the top management, Charteris should be able to deliver improved EBIT in the next 12 months post completion and the following year Charteris should generate EBIT of circa 12%.

This acquisition will bring critical mass around core service offerings in the UK and should assist the future growth plans of Charteris as well as other parts of the Sword Group.

Following this acquisition the 2013 pro-forma trends of Sword Group will be:

- Revenue: €126M

- EBIT: €15M+

Investor Relations

e [email protected]

Sword Group

1,202 staff before acquisition

NYSE Euronext Paris - Compartment C

ISIN Code: FR0004180578

ICB: 9530 Software & Computer Services

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© Sword Group SE

2, Rue d'Arlon

L-8399 Windhof

SwordGroupCharteris15-11-2013



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Source: SWORD Group via Thomson Reuters ONE

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