Information  X 
Enter a valid email address


  Print      Mail a friend       Annual reports

Tuesday 10 February, 2004


Share Purchase

10 February 2004

                                 Share Purchase

IFX Group plc ("IFX" or "the Group") is pleased to welcome Compagnie Financiere
Tradition ("Tradition"), the Swiss listed broker as an industry shareholder. As
a result of this purchase, and other market activity, the IFX Group Trust no
longer has an interest in the Group's shares.

The Board and management of IFX look forward to exploring business development
opportunities with Tradition in the future.

Edmond Warner, CEO of IFX Group plc said:

"Removing the legacy management team's 33% shareholding in the Group, through
the IFX Group Trust, was one of my major objectives when I joined IFX. I am
extremely pleased to report that this has now been completed. The Group now has
a strong blue chip institutional share register and in Tradition, a new
significant industry shareholder. This is a strong foundation on which to build
our future growth."

                                    - Ends -

For further information, call:

Edmond Warner, Chief Executive, IFX Group plc         020 7890 8990

David Rydell/Billy Clegg, Bell Pottinger Financial    020 7861 3232

About Tradition

With a presence in 16 countries, Compagnie Financiere Tradition is one of the
world's leading brokers in financial (money markets, bonds, interest rate,
currency and credit derivatives, equities, equity derivatives, interest rate
futures and index futures) and non-financial products (precious metals, energy
products, and pulp and paper). The Company is listed on the Swiss Exchange.

                      This information is provided by RNS
            The company news service from the London Stock Exchange