Sword Group : Public Offer under takeover code made for Charteris plc.
(Thomson Reuters ONE) -
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 investorrelations(at)sword-group.lu
Sword Group
1,202 staff before acquisition
NYSE Euronext Paris - Compartment C
ISIN Code: FR0004180578
ICB: 9530 Software & Computer Services
Indices CAC® Small
CAC® Mid & Small
CAC® All-Tradable
CAC® All-Share
© Sword Group SE
2, Rue d'Arlon
L-8399 Windhof
SwordGroupCharteris15-11-2013:
http://hugin.info/143591/R/1743710/586617.pdf
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(i) the releases contained herein are protected by copyright and
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originality of the information contained therein.
Source: SWORD Group via Thomson Reuters ONE
[HUG#1743710]
Unternehmensinformation / Kurzprofil:
Datum: 15.11.2013 - 18:32 Uhr
Sprache: Deutsch
News-ID 317242
Anzahl Zeichen: 3451
contact information:
Town:
St-Didier-Au-Mont-d'Or
Kategorie:
Business News
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