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Xansa PLC (XAN)

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Thursday 13 September, 2007

Xansa PLC

Interim Management Statement

Xansa PLC
13 September 2007

13 September 2007


                    Xansa plc - Interim Management Statement



Ahead of today's Annual General Meeting Xansa plc is publishing its first
Interim Management Statement for the period from 1 May 2007 to 12 September
2007, as required by the UK Listing Authority's Disclosure and Transparency
Rules.



Current trading update



The current financial year has started well, with revenue for the first quarter
to 31 July 2007 up by 5% compared to the same period last year.



The first quarter has seen Xansa continue with its impressive 100% contract
renewal rate.  Three of Xansa's longest standing clients have renewed their
contracts since the year end.  In May, Tesco continued its 18 year relationship
with Xansa, by extending the contract to provide applications management for a
further three years, with a contract value of £18 million.  In July, Thames
Water extended its 18 year relationship with Xansa, with the renewal of the
metered billing exceptions business process outsourcing contract.  In August,
BT, a client of 20 years and Xansa's foundation finance and accounting (F&A)
outsourcing client in 2002, extended its F&A contract until 2014 in a deal worth
£128 million over six years.  These three renewals with such long-standing
clients are a clear endorsement of Xansa's strategy of building long-term
relationships and a testimony to the hard work and excellent delivery of the
Xansa teams involved.



Financial position



There have been no significant changes in the financial position of the Group
since 30 April 2007.  At 31 July 2007, net debt stood at £30.7 million, as a
result of normal working capital outflows.



Material events and transactions



On 30 July 2007, we announced that agreement had been reached on terms of a
recommended acquisition of Xansa by Steria.  Documents on the Scheme of
Arrangement by Xansa plc, in connection with the recommended acquisition, were
posted to shareholders on 25 August.  The expected timetable of events around
the recommended acquisition are summarised below:



•          18 September 2007: deadline for shareholders to lodge Forms of Proxy
for both the Court meeting and for Xansa's Extraordinary General Meeting (EGM)



•          20 September 2007: first Court meeting to seek the approval of Xansa
Shareholders for the Scheme of Arrangement



•          20 September 2007: an EGM will then be held to consider and, if
thought fit, to pass a special resolution to implement the Scheme of Arrangement



•          12 October 2007: last date for dealing in Xansa shares



•          17 October 2007:  effective date for transaction and cancellation of
listing of Xansa shares






Contacts

Bill Alexander, Chairman and Acting Chief Executive,  Giles Sanderson, James Melville-Ross
Xansa                                                 Financial Dynamics
Gordon Stuart, Finance Director, Xansa                Tel : + 44 (0)20 7831 3113
Tel : + 44 (0)8702 416181



About Xansa



Xansa is a UK-based outsourcing and technology company that specialises in
delivering business services.

With a 45-year history of sustaining long-term relationships and pioneering
better ways of working, Xansa drives real and long-term cost reductions and
improved business performance. Committed to delivering guaranteed business
outcomes through a combination of technology and process expertise, Xansa gives
clients across the private and public sectors the freedom to do more.



Xansa is listed on the London Stock Exchange (XAN.L) with over 8600 people in
the UK and India. Xansa had revenues in 2007 of £379.7 million.



Further information on Xansa can be found at: www.xansa.com


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