Disposal of Datacare

RNS Number : 2581S

Mears Group PLC

07 September 2010

 



7 September 2010

Mears Group PLC

("Mears" or "the Group")

Disposal of Datacare Business Systems Limited ("Datacare")

Mears today announces the disposal of Datacare to Mavinwood plc generating net proceeds of £1.0m. Datacare was acquired earlier this year as part of the Supporta plc acquisition. At the time Mears acquired Datacare, the Group stated it would conduct a review of the business to determine whether it formed a part of Mears' long term strategy. Following this review, it was determined that Datacare is not core to the Group's strategy.

Enquiries:
Mears Group PLC
Bob Holt, Chairman	Tel: [phone]
Andrew Smith, Finance Director	Tel: [phone]
Joint Broker - Investec
Keith Anderson/Daniel Adams	Tel: [phone]
Joint Broker - Collins Stewart
Mark Dickenson/Ileana Antypas	Tel: [phone]
Financial PR
Threadneedle Communications
Trevor Bass/Alex White	Tel: [phone]
IR - Hansard Communications
John Bick/Kirsty Corcoran	Tel: [phone] Tel: [phone]

 

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