Sale of Non-Core Businesses
November 04 2008 - 2:01AM
UK Regulatory
RNS Number : 3500H
Interactive Prospect TargetingHdgs
04 November 2008
4 November 2008
Interactive Prospect Targeting Holdings Plc
("IPTH" )
Sale of Integra Insight and of Real World Customer Experience Limited ("RWCEL")
IPTH announces that it has sold two of its remaining non-core businesses, both of which engage in market research in the UK.
On 31 October 2008, IPTH sold the Integra Insight business to Intelligenzia Limited ("IL") for consideration of �21,043 (which was paid
wholly in cash). IL has acquired all of the assets relating to the Integra Insight business and assumed certain liabilities of the business
(including �78,028 of specified creditors).
On 3 November 2008, IPTH sold all of its shares in RWCEL (including its subsidiaries Tpoll Market Intelligence Limited and The
Simulating World Research Company Limited) for the sum of �215,618 (payable wholly in cash) to Mark Ursell and Michael Donovan, two of the
current managers of RWCEL. The purchase price is payable in four monthly instalments commencing in January next year. The net value of the
net trading assets of the RWCEL subgroup was �257,000 and, based on unaudited management accounts, the pre-tax trading losses attributable
to those assets for the eight months to 31 August 2008 was �94,000.
The sales are part of the ongoing strategic review commenced earlier this year. These transactions will reduce further IPTH's
activities in the United Kingdom. The proceeds of the sales will be used for the ongoing requirements of the Group.
-Ends-
For further information:
IPTH
Nicholas Ward, Executive Chairman Tel: +44 (0) 20 7932 4912
Canaccord Adams
Mark Williams / Eli Colby, Corporate Finance Tel: +44 (0) 20 7050 6500
eli.colby@canaccordadams.com www.canaccordadams.com
Media enquiries:
Abchurch
Charlie Jack / Jack Ballantyne Tel: +44 (0) 20 7398 7714
jack.ballantyne@abchurch-group.com www.abchurch-group.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
DISFGMGMGFFGRZZ
Interactive Prospect Targeting (LSE:IPH)
Historical Stock Chart
From Apr 2024 to May 2024
Interactive Prospect Targeting (LSE:IPH)
Historical Stock Chart
From May 2023 to May 2024